Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/296873 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 1230
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
Previous research consistently identified differences in time preferences between effort and monetary decisions. However, the root cause of this difference- whether it stemmed from the intrinsic nature of the outcomes or the associated pleasurable or unpleasurable experiences-remained undefined. In response, we devised a novel two-stage experiment employing a 2 × 2 design contrasting outcomes (money and effort) and domains (pleasant and unpleasant). This approach allowed for the incentivization of all decisions, including those involving future monetary losses. Our study reveals sign-dependent preferences, showing varying degrees of impatience across pleasant or unpleasant experiences in monetary or effort-related choices. We also observed outcome-dependent preferences, particularly highlighting a higher level of impatience in unpleasant monetary choices compared with their effort-based counterparts. However, the degree of present bias did not differ across the four conditions.
Schlagwörter: 
time preferences
losses
incentivized experiment
JEL: 
C91
D91
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.23 MB





Publikationen in EconStor sind urheberrechtlich geschützt.