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American Economic Review: Vol. 103 No. 1 (February 2013)

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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Article Citation

Sutter, Matthias, Martin G. Kocher, Daniela Glätzle-Rüetzler, and Stefan T. Trautmann. 2013. "Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior." American Economic Review, 103(1): 510-31.

DOI: 10.1257/aer.103.1.510

Abstract

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health-related field behavior, saving decisions, and conduct at school. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index, are less likely to save money, and show worse conduct at school. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.

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Authors

Sutter, Matthias (U Innsbruck and U Gothenburg)
Kocher, Martin G. (U Munich and U Gothenburg)
Glätzle-Rüetzler, Daniela (U Innsbruck)
Trautmann, Stefan T. (U Tilburg)

JEL Classifications

C93: Field Experiments
D03: Behavioral Economics: Underlying Principles
D81: Criteria for Decision-Making under Risk and Uncertainty
J13: Fertility; Family Planning; Child Care; Children; Youth


American Economic Review


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