We study empirically whether there is scope for parents to shape the economicpreferences and attitudes of their children through purposeful investments. Weexploit information on the risk and trust attitudes of parents and their children, as well as rich information about parental efforts in the...

To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...