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- Jena Economic Resea...
- Volume 4
- Impatience, Anticip...
Impatience, Anticipatory Feelings and Uncertainty:
A Dynamic Experiment on Time Preferences
- Angeblicher Autor(in)
- Erschienen
- 13. Dezember 2010
- Nummer des Discussion-Papers
-
2010-087
- Schlagwort(e)
-
choice reversal
negative time preferences
real-effort experiment
risk
time inconsistency
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- C91 - Laboratory, Individual Behavior ; D01 - Microeconomic Behavior: Underlying Principles ; D80 - General ; D90 - General