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The Effect of Language on Economic Behavior : Experimental Evidence from Children's Intertemporal Choices
Sutter, Matthias - 2015
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the …
Persistent link: https://www.econbiz.de/10013014019
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Psychological and Biological Foundations of Time Preference : Evidence from a Day Reconstruction Study with Biological Tracking
Daly, Michael; Delaney, Liam; Harmon, Colm P. - 2021
This paper considers the relationship between the economic concept of time preference and relevant concepts from psychology and biology. Using novel data from a time diary study conducted in Ireland that combined detailed psychometric testing with medical testing and real-time bio-tracking, we...
Persistent link: https://www.econbiz.de/10013324995
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Choice Over Time
Manzini, Paola; Mariotti, Marco - 2021
In the last twenty years a growing body of experimental evidence has posed a challenge to the standard Exponential Discounting Model of choice over time. Attention has focused on some specific 'anomalies', notably preference reversal and declining discount rates, leading to the formulation of...
Persistent link: https://www.econbiz.de/10013316853
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Behavioural Economics and Drinking Behaviour : Preliminary Results from an Irish College Study
Delaney, Liam; Harmon, Colm P.; Wall, Patrick - 2021
This paper examines the results of single-equation regression models of the determinants of alcohol consumption …
Persistent link: https://www.econbiz.de/10013316951
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Psychological Effects of Poverty on Time Preferences
Bartos, Vojtech; Bauer, Michal; Chytilová, Julie; … - 2023
We test whether an environment of poverty affects time preferences through purely psychological channels. We measured discount rates among farmers in Uganda who made decisions about when to enjoy entertainment instead of working. To circumvent the role of economic constraints, we experimentally...
Persistent link: https://www.econbiz.de/10014259851
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Financial Literacy, Experimental Preference Measures and Field Behavior a Randomized Educational Intervention
Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; … - 2023
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014350813
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How General are Time Preferences? Eliciting Good-Specific Discount Rates
Ubfal, Diego - 2012
sources of consumption. Using unique data from two surveys conducted in rural Uganda including both hypothetical and real …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …
Persistent link: https://www.econbiz.de/10013099793
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10012764244
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Predicting Retirement Savings Using Survey Measures of Exponential-Growth Bias and Present Bias
Goda, Gopi Shah - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent …
Persistent link: https://www.econbiz.de/10012911197
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Source Country Characteristics and Immigrants' Migration Duration and Saving Decisions
Kïrdar, Murat G. - 2010
substitute consumption intertemporally. However, the empirical results from immigrants in Germany reveal that optimal migration …
Persistent link: https://www.econbiz.de/10013144383