Impatience and uncertainty: Experimental decisions predict adolescents' field behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela and Trautmann, Stefan T. (December 2010): Impatience and uncertainty: Experimental decisions predict adolescents' field behavior. IZA Discussion Paper Series, 5404

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.

• Item Type: Paper
• Faculties: Economics; Economics > Chairs > Chair of Empirical Economics
• Subjects: 300 Social sciences > 330 Economics
• JEL Classification: C91, C93, D81, D90
• Language: English