Time Pressure Preferences

Thomas Buser, Roel van Veldhuizen and Yang Zhong
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Yang Zhong: University of Amsterdam

No 22-054/I, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus completing it without pressure. We make three main contributions. First, we document that participants are averse to working under time pressure on aggregate. Second, we show that there is substantial heterogeneity in the degree of time pressure aversion across individuals and that these individual preferences can be partially captured by simple survey questions. Third, we include these questions in a survey of bachelor students and show that time pressure preferences correlate with future career plans. Our results indicate that individual differences in time pressure aversion could be an influential factor in determining labor market outcomes.

JEL-codes: C91 D9 J24 (search for similar items in EconPapers)
Date: 2022-08-22
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-hrm, nep-lma, nep-neu and nep-upt
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Working Paper: Time Pressure Preferences (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20220054

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