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Impatience, Anticipatory Feelings and Uncertainty:A Dynamic Experiment on Time Preferences

We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose and measure three distinct concepts of choice reversal over time to study time consistency. This evidence calls for an important role for anticipatory feelings and uncertainty in intertemporal behavior
Year of publication:
2011-01-03
Authors: Casari, Marco ; Dragone, Davide
Institutions: Associazione Italiana per la Cultura della Cooperazione e del Non Profit - AICCON
Subject: negative time preferencesg | choice reversal | Grisk | time inconsistency | real-effort | experiment
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series AICCON Working Papers Number 80-2011 49 pages
Classification: C91 - Laboratory, Individual Behavior ; D01 - Microeconomic Behavior: Underlying Principles ; D80 - Information and Uncertainty. General ; D90 - Intertemporal Choice and Growth. General
Source:
Persistent link: https://www.econbiz.de/10010991151
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