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Doing it now or later with payoff externalities: Experimental evidence on social time preferences

Giovanni Ponti (), Ismael Rodríguez Lara and Daniela Di Cagno ()
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Ismael Rodríguez Lara: Universidad de Alicante

Authors registered in the RePEc Author Service: Ismael Rodriguez-Lara

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We report experimental evidence on the effects of social preferences on intertemporal decisions. To this aim, we set up an intertemporal Dictator Game and investigate whether (and how) subjects change theirchoices, compared with those they had taken in absence of any payoff externality in a previous stage of the experiment. We run two treatments -INFO and BELIEF, respectively- depending on whether Dictators know -or are asked to elicit- their assigned Recipients' risk and time preferences. We find that high (own) risk aversion is associated with low (own) discounting. We also find that (heterogeneous) socialtime preferences are significant determinants of choices, in that Dictators display a marked propensityto account for the Recipients' intertemporal concerns.

Keywords: intertemporal decisions; time preferences; social preferences. (search for similar items in EconPapers)
Pages: 50 pages
Date: 2014-09
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-neu and nep-upt
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http://www.ivie.es/downloads/docs/wpasad/wpasad-2014-05.pdf Fisrt version / Primera version, 2014 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2014-05

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