Drichoutis, Andreas C.; Nayga, Rodolfo M. - In: Journal of Behavioral and Experimental Economics … 45 (2013) C, pp. 18-27
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and find that both negative and positive mood states increase patience as well as risk aversion but the magnitude of the...