Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences

Arbeitspapier

We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice reversals are common although present-biased preferences alone cannot explain them. This evidence is compatible with models based on anticipatory feelings and stochastic utility.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Quaderni - Working Paper DSE ; No. 777

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Design of Experiments: Laboratory, Individual ; Microeconomic Behavior: Underlying Principles ; Information, Knowledge, and Uncertainty: General ; Micro-Based Behavioral Economics: General‡

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Casari, Marco ; Dragone, Davide
• Ereignis: Veröffentlichung
• (wer): Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
• (wo): Bologna
• (wann): 2011

Weitere Informationen

• DOI: doi:10.6092/unibo/amsacta/4462
• Handle: http://hdl.handle.net/10419/159616
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ