Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Daniela Glätzle-Rützler, Matthias Sutter, Martin Kocher and Stefan Trautmann

VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis from Verein für Socialpolitik / German Economic Association

Abstract: We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health related field behavior and saving decisions. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index (BMI) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.

Keywords: experiments with children and adolescents; risk; ambiguity; time preferences; health status; savings; external validity; field behavior (search for similar items in EconPapers)
JEL-codes: C91 C93 D81 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (43)

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Related works:
Journal Article: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2013)
Working Paper: Impatience and uncertainty: Experimental decisions predict adolescents' field behavior (2013)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2011)
Working Paper: Impatience and uncertainty: Experimental decisions predict adolescents' field behavior (2010)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2010)
Working Paper: Impatience and Uncertainty: Experimental Decisions Predict Adolecents' Field Behavior (2010)
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