EconPapers    
Economics at your fingertips  
 

Doing it now or later with payoff externalities: Experimental evidence on social time preferences

Giovanni Ponti (), Ismael Rodríguez Lara and Daniela Di Cagno
Additional contact information
Ismael Rodríguez Lara: Universidad de Alicante

Authors registered in the RePEc Author Service: Ismael Rodriguez-Lara

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We report experimental evidence on the effects of social preferences on intertemporal decisions. To this aim, we set up an intertemporal Dictator Game and investigate whether (and how) subjects change theirchoices, compared with those they had taken in absence of any payoff externality in a previous stage of the experiment. We run two treatments -INFO and BELIEF, respectively- depending on whether Dictators know -or are asked to elicit- their assigned Recipients' risk and time preferences. We find that high (own) risk aversion is associated with low (own) discounting. We also find that (heterogeneous) socialtime preferences are significant determinants of choices, in that Dictators display a marked propensityto account for the Recipients' intertemporal concerns.

Keywords: intertemporal decisions; time preferences; social preferences. (search for similar items in EconPapers)
Pages: 50 pages
Date: 2014-09
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-neu and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published by Ivie

Downloads: (external link)
http://www.ivie.es/downloads/docs/wpasad/wpasad-2014-05.pdf Fisrt version / Primera version, 2014 (application/pdf)

Related works:
Working Paper: Doing it now or later with payoff externalities: Experimental evidence on social time preferences (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2014-05

Access Statistics for this paper

More papers in Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) Contact information at EDIRC.
Bibliographic data for series maintained by Departamento de Edición ().

 
Page updated 2025-03-22
Handle: RePEc:ivi:wpasad:2014-05