Sutter, Matthias Kocher, Martin G. Rützler, Daniela Trautmann, Stefan T.
Year of Publication:
CESifo working paper: Behavioural Economics 3635
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health-related field behavior, saving decisions and conduct at school. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.
experiments with children and adolescents risk ambiguity time preferences health status savings conduct at school external validity