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Impatience and uncertainty: experimental decisions predict adolecents' field behavior

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 relate...

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Bibliographic Details
Other Authors: Sutter, Matthias (Other) , Kocher, Martin (Other) , Glätzle-Rützler, Daniela (Other) , Trautmann, Stefan T. (Other)
Format: Book/Monograph Working Paper
Language:English
Published: München Univ., Volkswirtschaftl. Fak. 2010 [erschienen] 2011
Edition:This version: 22 December 2010
Series:Münchener Wirtschaftswissenschaftliche Beiträge 2010,36
In: Münchener Wirtschaftswissenschaftliche Beiträge (2010,36)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Resolving-System, Volltext: http://hdl.handle.net/10419/104319
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Author Notes:Matthias Sutter; Martin G. Kocher; Daniela Rützler und Stefan T. Trautmann
Description
Summary: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.
Physical Description:Online Resource
Format:Systemvoraussetzungen: Acrobat Reader.

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