The economics of impatience

Ernst Fehr ()

Experimental from EconWPA

Abstract: In experiments, animals often prefer smaller, immediate rewards over larger rewards that are deferred — thus failing to maximize their total gain. Many people exhibit similar behaviour.

Keywords: economics; impatience (search for similar items in EconPapers)
JEL-codes: D90 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe
Date: 2003-05-07
Note: Type of Document - pdf; pages: 4
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpex:0305001

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