What is your discount rate? Experimental evidence of foresters’ risk and time preferences

Table 6 Joint estimation of the constant relative risk aversion (CRRA) coefficient and the discount rate (N = 142)

Variable	Coefficient	Standard error	p-value	95% confidence interval
CRRA value r	0.584	0.106	< 0.001	0.377	0.791	***
Discount rate δ	0.041	0.006	< 0.001	0.030	0.052	***
Noise parameter μ	0.220	0.048	< 0.001	0.126	0.313	***
Noise parameter ν	0.007	0.002	0.002	0.003	0.012	**

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