Time preferences in decisions for others

This paper analyzes in a within-subjects experiment time preferences when people decide for themselves and on behalf of others. The data show that subjects become more impatient when making decisions, which affect the payoff of others. Regression analyses reveal a positive correlation between altrui...

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Bibliographic Details
Published inEconomics letters Vol. 200; p. 109766
Main Author Rau, Holger A.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.03.2021
Elsevier Science Ltd
Subjects
Altruism
Decision making
Decisions for others
economics
exhibitions
Experiment
Preferences
Regression analysis
Self control
Time preferences
Decisions for others
D14
Experiment
D15
C91
D81
Time preferences
Online AccessGet full text
ISSN0165-1765
1873-7374
DOI10.1016/j.econlet.2021.109766

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Summary:This paper analyzes in a within-subjects experiment time preferences when people decide for themselves and on behalf of others. The data show that subjects become more impatient when making decisions, which affect the payoff of others. Regression analyses reveal a positive correlation between altruistic behavior and impatience in decisions for others. •Experimental analysis of time preferences in decisions for others.•Subjects behave more impatient when their decisions affect others’ payoffs.•Altruistic behavior correlates with impatience for others.
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ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2021.109766