Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/48720
Authors: 
Rützler, Daniela
Sutter, Matthias
Kocher, Martin G.
Trautmann, Stefan T.
Year of Publication: 
2011
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Experimental Economics I A9-V2
Abstract: 
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health related field behavior and saving decisions. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index (BMI) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.
Subjects: 
experiments with children and adolescents
risk
ambiguity
time preferences
health status
savings
external validity
field behavior
JEL: 
C91
C93
D81
Document Type: 
Conference Paper

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