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Here is an excel file that contains part of the responses from a class questionnaire. Using this data, select all correct options below. Read the

Here is an excel file that contains part of the responses from a class questionnaire. Using this data, select all correct options below.

Read the question carefully. Write the value of X that makes you indifferent between both options. In other words how much you should be offered in one year (value of X) so it will be as valuable to you as $100 now. Read the question carefully. Write the value of X that makes you indifferent between both options. In other words how much you should be offered in 10 years (value of X) so it will be as valuable to you as $100 now. Implied annual discount rate for 1-year question Implied annual discount rate for 10-year question Present bias, parameter (lower means more preset bias, = 1 means no difference between future and present)
103 130 3% 3% 0.95
103 134.4 3% 3% 0.94
110 120 10% 2% 0.90
108 216 8% 8% 0.86
110 200 10% 7% 0.85
110 250 10% 10% 0.83
110 260 10% 10% 0.83
110 260 10% 10% 0.83
110 260 10% 10% 0.83
110 260 10% 10% 0.83
103 1146 3% 28% 0.74
120 600 20% 20% 0.70
115 1000 15% 26% 0.68
137 259 37% 10% 0.68
120 1000 20% 26% 0.66
120 1000 20% 26% 0.66
120 1200 20% 28% 0.65
150 270 50% 10% 0.62
135 1000 35% 26% 0.59
170 600 70% 20% 0.51
160 1000 60% 26% 0.51
200 1000 100% 26% 0.42
200 1000 100% 26% 0.42
200 2000 100% 35% 0.39
200 10000 100% 58% 0.32
250 2499 150% 38% 0.31
300 1000 200% 26% 0.29
400 20000 300% 70% 0.16
500 5000 400% 48% 0.15
1200 15000 1100% 65% 0.06
1400 14000 1300% 64% 0.06
2500 250000 2400% 119% 0.02
10000 100000 9900% 100% 0.01

a. the average implied annual discount rate for the 1-year question is about 500%

b. the average implied annual discount rate for the 10-year question is about 30%

c. the average coefficient is about 0.55

d. the data indicate that students in this sample on average do not show signs of being affected by present-bias

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