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

Casari, Marco ; Dragone, Davide (2011) Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences. Bologna: Dipartimento di Scienze economiche DSE, p. 37. DOI 10.6092/unibo/amsacta/4462. In: Quaderni - Working Paper DSE (777). ISSN 2282-6483.
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Abstract

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.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Casari, Marco
Dragone, Davide
Keywords
time inconsistency, self-control, risk, stochastic utility, real-effort experiment
Subjects
ISSN
2282-6483
DOI
Deposit date
26 Jan 2016 10:29
Last modified
26 Jan 2016 10:29
URI

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