Time discounting for primary and monetary rewards

Ernesto Reuben, Paola Sapienza, Luigi Zingales

Research output: Contribution to journalArticlepeer-review


This paper reports a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward (chocolate). This finding suggests that high short-term discount rates are related to an underlying individual trait.

Original languageEnglish (US)
Pages (from-to)125-127
Number of pages3
JournalEconomics Letters
Issue number2
StatePublished - Feb 2010


  • Hyperbolic discounting
  • Intertemporal choice
  • Time preferences

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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