Jaap H. Abbring, Øystein Daljord, Fedor Iskhakov
arXiv 9 Jul 2025 · Econometrics
arXiv:2507.07286 · PDF · DOI · OpenAlex · Extracted main text
We study the identification of dynamic discrete choice models with sophisticated, quasi-hyperbolic time preferences under exclusion restrictions. We consider both standard finite horizon problems and empirically useful infinite horizon ones, which we prove to always have solutions. We reduce identification to finding the present-bias and standard discount factors that solve a system of polynomial equations with coefficients determined by the data and use this to bound the cardinality of the identified set. The discount factors are usually identified, but hard to precisely estimate, because exclusion restrictions do not capture the defining feature of present bias, preference reversals, well.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Fang, H. and Y. Wang (2015) Estimating dynamic discrete choice models with hyperbolic discounting, with an application to mammography decisions | 1.000 | 14 | 3 | 100% |
| 2 | Abbring, J. H. and . Daljord (2020b, May) (2020) Identifying the discount factor in dynamic discrete choice models self | 1.000 | 9 | 3 | 100% |
| 3 | Daljord, O. y., J.-P. Dubé, and X. Kong (2020) State dependence in scanner data | 0.693 | 6 | 1 | 100% |
| 4 | Chan, M (2017) Welfare dependence and self-control: An empirical analysis | 0.644 | 4 | 1 | 100% |
| 5 | Mahajan, A., C. Michel, and A. Tarozzi (2019) Identification of time-inconsistent models: The case of insecticide treated nets | 0.644 | 4 | 1 | 100% |
| 6 | Cox, D., J. Little, and D. O'Shea (2015) Ideals, Varieties, and Algorithms | 0.585 | 3 | 1 | 100% |
| 7 | Magnac, T. and D. Thesmar (2002) Identifying dynamic discrete choice processes | 0.585 | 3 | 1 | 100% |
| 8 | Dubé, J.-P., G. J. Hitsch, and P. E. Rossi (2010) State dependence and alternative explanations for consumer inertia | 0.511 | 2 | 1 | 100% |
| 9 | Peeters, R. (2004, February) (2004) Stochastic games with hyperbolic discounting | 0.511 | 2 | 1 | 100% |
| 10 | Thaler, R (1981) Some empirical evidence on dynamic inconsistency | 0.511 | 2 | 1 | 100% |
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