Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences

Marco Casari and Davide Dragone

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice reversals are common although present-biased preferences alone cannot explain them. This evidence is compatible with models based on anticipatory feelings and stochastic utility.

JEL-codes: C91 D01 D80 D90 (search for similar items in EconPapers)
Date: 2011-07
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Impatience, Anticipatory Feelings and Uncertainty:A Dynamic Experiment on Time Preferences (2011)
Working Paper: Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:wp777

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