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Time preference under cognitive load - An experimental study

Avi Israel, Mosi Rosenboim and Tal Shavit

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2021, vol. 90, issue C

Abstract: The current study tests experimentally the effect of cognitive load on impulsive behavior with uncertainty choices as the time preference. Participants were 189 students, randomly assigned to two cognitive load groups (low and high), and a control group with no cognitive load manipulation. Under cognitive load participants were asked to answer a questionnaire with several time delay scenarios and participate in an impulsive behavior task. The results show that under a high cognitive load, participants are more impulsive and more present oriented than under a low cognitive load. Impulsive behavior did not mediate the two measures. Some possible explanations are discussed.

Keywords: Cognitive load; Time preference; Impulsive behavior; Cognitive avoidance (search for similar items in EconPapers)
JEL-codes: D80 D81 D90 D91 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:90:y:2021:i:c:s2214804320306765

DOI: 10.1016/j.socec.2020.101633

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Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar

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