Time preferences in decisions for others

This paper analyzes in a within-subjects experiment time preferences when peopledecide for themselves and on behalf of others. The data show that subjects becomemore impatient when making decisions, which affect the payoff of others. Thechange can be explained by altruistic subjects who increase their focus on earlyconsumption when responsible for others' payoffs

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Year of publication:	2020
Authors:	Rau, Holger A.
Publisher:	Göttingen : University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Subject:	Decisions fo rOthers \| Experiment \| Time Preferences

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Series:	cege Discussion Papers ; 395
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1700118161 [GVK] hdl:10419/219024 [Handle] RePEc:zbw:cegedp:395 [RePEc]
Classification:	C91 - Laboratory, Individual Behavior ; D14 - Personal Finance ; d15 ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	EconStor

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