Measuring Impatience: Elicited Discount Rates and the Barratt Impulsiveness Scale

Kendra N. McLeish and Robert J. Oxoby ()

MPRA Paper from University Library of Munich, Germany

Abstract: We explore intertemporal decision making to test the extent to which elicited discount rates and a self-reported scale of impatience measure the same behavioral characteristic. We conduct experiments in which we elicit discount rates using monetary rewards and a self-reported measure of impatience (the Barratt Impulsiveness Scale, BIS-11). Although researchers have utilized these measures to infer aspects of intertemporal preferences, we find no significant correlation between discount rates and the BIS-11 except in the special case where discount rates were elicited after individuals were primed with negative feedback.

Keywords: intertemporal choice; impulsiveness; discounting; experiments (search for similar items in EconPapers)
JEL-codes: C9 D9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp
Date: Written
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Related works:
Working Paper: Measuring Impatience: Elicited Discount Rates and the Barratt Impulsiveness Scale (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:1524

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