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.
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