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Time preferences in decisions for others

Holger A. Rau

No 395, University of Göttingen Working Papers in Economics from University of Goettingen, Department of Economics

Abstract: This paper analyzes in a within-subjects experiment time preferences when peopledecide for themselves and on behalf of others. The data show that subjects becomemore impatient when making decisions, which affect the payoff of others. Thechange can be explained by altruistic subjects who increase their focus on earlyconsumption when responsible for others' payoffs

Keywords: Decisions fo rOthers; Experiment; Time Preferences (search for similar items in EconPapers)
JEL-codes: C91 D14 D15 D81 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
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Citations: View citations in EconPapers (3) Track citations by RSS feed

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:395

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