individual’s level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …

these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …

these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …

intentionally simple lab experiment on intertemporal spending and saving decisions with 180 students. Under a positive discount …

consumption level one of which is thenrandomly implemented. To allow for learning one experiences many"lives". Participants …

expectations in an experiment. In eachperiod of their life both partners propose a consumption level one of which isthen randomly … punished by their partners.On average participants stay on egoistic consumption paths, although inlater periods their behavior … shifts in the direction of consumption paths leadingto equal payoffs. …