The economics of impatience

Ernst Fehr

Experimental from University Library of Munich, Germany

Abstract: In experiments, animals often prefer smaller, immediate rewards over larger rewards that are deferred — thus failing to maximize their total gain. Many people exhibit similar behaviour.

Keywords: economics; impatience (search for similar items in EconPapers)
JEL-codes: D90 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2003-05-07
New Economics Papers: this item is included in nep-cbe
Note: Type of Document - pdf; pages: 4
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Citations: View citations in EconPapers (2)

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https://econwpa.ub.uni-muenchen.de/econ-wp/exp/papers/0305/0305001.pdf (application/pdf)

Related works:
Journal Article: The economics of impatience (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpex:0305001

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