Family unpredictability, future discounting, and risk taking

Elizabeth M. Hill, Jessica Jenkins and Lisa Farmer

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2008, vol. 37, issue 4, 1381-1396

Abstract: Risk taking is predicted to vary with future discounting, as immediate rewards would be overvalued compared to those in the distant future. Degree of future discounting may be increased by unpredictability in the childhood environment. Here we assess relationships among risk taking, future discounting, the developmental environment, and biological factors, using surveys of 151 college students (19.2% men and 80.8% women; mean age 22.9). In structural equation models, environmental unpredictability had both direct and indirect effects on risk taking. Much but not all of its effect was mediated by future discounting.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6W5H ... 5ea997ef7aa367226750
Full text for ScienceDirect subscribers only

Related works:
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:eee:soceco:v:37:y:2008:i:4:p:1381-1396

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().