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

Marco Casari and Davide Dragone

No 2010-087, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: negative time preferences; choice reversal; risk; time inconsistency; real-effort experiment (search for similar items in EconPapers)
JEL-codes: C91 D01 D80 D90 (search for similar items in EconPapers)
Date: 2010-12-13
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-neu and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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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 (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2010-087

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