Individual decision-making experiment with risk and intertemporal choice: a replication study

Andrea Morone, Alessia Casamassima and Alessandro Cascavilla

MPRA Paper from University Library of Munich, Germany

Abstract: We replicate the experiment proposed by Lisa R. Anderson and Sarah L. Stafford (2009) by conducting it through the Instagram platform. The structure of questionnaire is the same as the one of the original experiment inasmuch subjects might choose between two options that differ in resolution timing. According to the experimental results, we show that the percentage of subjects choosing later option increases as the value of the later option increases, and the percentage of subjects choosing later option is smaller the longer the temporal delay between two options. We found that risk does not make subjects less patient and there are interactions between risk and the length temporal delay.

Keywords: Intertemporal decision-making; Risk; Intertemporal choice; Experiment. (search for similar items in EconPapers)
JEL-codes: C91 D8 (search for similar items in EconPapers)
Date: 2020-02
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
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https://mpra.ub.uni-muenchen.de/110777/1/MPRA_paper_110777.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/111374/1/MPRA_paper_110777.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/111375/1/MPRA_paper_111375.pdf revised version (application/pdf)

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