Impatience, anticipatory feelings and uncertainty : a dynamic experiment on time preferences

Marco Casari and Davide Dragone

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. -- negative time preferences ; choice reversal ; risk ; time inconsistency ; real-effort experiment

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Year of publication:	2010
Authors:	Casari, Marco ; Dragone, Davide
Publisher:	Jena : Univ. [u.a.]
Subject:	Intertemporale Entscheidung \| Intertemporal choice \| Risiko \| Risk \| Experiment

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Extent:	Online-Ressource (PDF-Datei: 47 S., 921 KB) graph. Darst.
Series:	Jena economics research papers. - Jena : [Verlag nicht ermittelbar], ISSN 1864-7057, ZDB-ID 2388825-8. - Vol. 2010,087
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/56806 [Handle]
Classification:	C91 - Laboratory, Individual Behavior ; D01 - Microeconomic Behavior: Underlying Principles ; D80 - Information and Uncertainty. General ; D90 - Intertemporal Choice and Growth. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008758953