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Qin Tu

Date of Ph.D. defense:May 18, 2005
Title of thesis:Empirical Analysis of Time Preferences and Risk Aversion
ISBN:90 5668 143 5
Promotor:Prof. dr. Arthur van Soest
Copromotor:Dr. Bas Donkers

Abstract:
 Empirical Analysis of Time Preferences and Risk Aversion is a collection of essays demonstrating interactions among preference parameters, such as loss aversion, reference points, discount rate, risk aversion, and how demographic and socioeconomic variables affect them; and how to model household's mobility (moving decision) and housing tenure choice (decision of renting versus owning) jointly, using a multinomial probit model with panel data. One of the important contributions is that a structural model with the reference point and loss aversion for intertemporal choice was developed to estimate the coefficient of loss aversion and the reference points of individuals.

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