Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; Trautmann, Stefan T.
(December 2010):
Impatience and uncertainty: Experimental decisions predict adolescents' field behavior.
IZA Discussion Paper Series, 5404
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Full text not available from 'Open Access LMU'.
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.
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Impatience and uncertainty: Experimental decisions predict adolescents' field behavior. (deposited 06. Feb 2014 15:29)
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