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Impatience and uncertainty: experimental decisions predict adolescents' field behavior

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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 redictors of health related...

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Other Authors: Sutter, Matthias (Other) , Kocher, Martin (Other) , Glätzle-Rützler, Daniela (Other) , Trautmann, Stefan T. (Other)
Format: Book/Monograph Working Paper
Language:English
Published: Innsbruck Univ. of Innsbruck, Inst. für Finanzwiss. 2010
Edition:This version: 22 December 2010
Series:Working papers in economics and statistics 2010-29
In: Working papers in economics and statistics (2010-29)

Subjects:
Arbeitspapier
Graue Literatur
Feldforschung
Ambiguität
Risiko
Heranwachsender
Online Access:Verlag, Volltext: http://econpapers.repec.org/RePEc:inn:wpaper:2010-29
Download aus dem Internet, Stand: 02.05.2013, Volltext: http://hdl.handle.net/10419/73555
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Author Notes:Matthias Sutter, Martin G. Kocher, Daniela Rützler, and Stefan T. Trautmann

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520 |a 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 redictors 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. -- experiments with children and adolescents ; risk ; ambiguity ; time preferences ; health status ; savings ; external validity ; field behavior 
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