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Title:Impatience, anticipatory feelings and uncertainty: A dynamic experiment on time preferences PDF Logo
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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