run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These … situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the … confounding effects of time pressure, as proposed by dual-systems theory (Evans, 2006; Kahneman and Frederick, 2002). Results of …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …

. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the …Many professional and educational settings require individuals to be willing and able to perform under time pressure … minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus …

will act in a time-consistent fashion. When time-inconsistent players incur immediate bargaining costs to produce delayed … whether they engage in repeated time-inconsistent bargaining. A naïve player who engages in time-inconsistent bargaining will … suffer welfare losses. We show that time-inconsistent bargaining can also create spillover welfare losses for other players …

energy price beliefs. By running an artefactual field experiment with a representative sample of 711 participants, we gather … that participants with present bias are predicted to consume on average 9% more electricity than participants with time …

, as reported in the questionnaire conducted at the end of the experiment, is explained by the time discount rates and the …. An experiment conducted by us in China confirms that, by separating the delay from the interval, the delay effect exists … degree of the delay effect revealed in the experiment. -- discount rate ; economic experiment in China ; delay effect …

analogical model, cost of time, which is more familiar and therefore accessible to lay-people than the analogical model … superiority of A over H and E is robust, even when subjective time and money are modeled using Stevens power laws. However, the … small gains from using exponents for time and money, and the uncertainty in estimating optimal exponents, suggest no …