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http://hdl.handle.net/10419/56806
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| Title: | | Impatience, anticipatory feelings and uncertainty: A dynamic experiment on time preferences  |
| Authors: | | Casari, Marco Dragone, Davide |
| Issue Date: | | 2010 |
| Series/Report no.: | | Jena economic research papers 2010,087 |
| Abstract: | | 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. |
| Subjects: | | negative time preferences choice reversal risk time inconsistency real-effort experiment |
| JEL: | | C91 D01 D80 D90 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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