-term beneficial goals (such as higher education or better health conditions). We show that the language children speak is … towards patience. Interestingly, language is not related to another important domain of economic decision making, risk taking …, which is often associated with intertemporal preferences. Controlling for risk taking, the relation between language and …

This paper investigates the effect of vivid language on investor judgments. Recent research finds that investor … sensitive to the differences between vivid and pallid language when the underlying information is preference-inconsistent, but … not when the information is preference-consistent. Results of two experiments support our prediction. Vivid language …

evidence raises doubts about the choice of language that equates consistency with rationality in economics. …