Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Matthias Sutter, Martin Kocher, Daniela Glätzle-Rützler and Stefan Trautmann

American Economic Review, 2013, vol. 103, issue 1, 510-31

Abstract: We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health-related field behavior, saving decisions, and conduct at school. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index, are less likely to save money, and show worse conduct at school. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.

JEL-codes: C93 D03 D81 J13 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.1.510
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Citations: View citations in EconPapers (448)

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Related works:
Working Paper: Impatience and uncertainty: Experimental decisions predict adolescents' field behavior (2013)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2011)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2011)
Working Paper: Impatience and uncertainty: Experimental decisions predict adolescents' field behavior (2010)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2010)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolecents' Field Behavior (2010)
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