Replication data for: Happiness and Time Preference: The Effect of Positive Affect in a Random-Assignment Experiment
Principal Investigator(s): View help for Principal Investigator(s) John Ifcher; Homa Zarghamee
Version: View help for Version V1
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Project Citation:
Ifcher, John, and Zarghamee, Homa. Replication data for: Happiness and Time Preference: The Effect of Positive Affect in a Random-Assignment Experiment. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112475V1
Project Description
Summary:
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We conduct a random-assignment experiment to investigate whether positive affect impacts time preference, where time preference denotes a preference for present over future utility. Our result indicates that, compared to neutral affect, mild positive affect significantly reduces time preference over money. This result is robust to various specification checks, and alternative interpretations of the result are considered. Our result has implications for the effect of happiness on time preference and the role of emotions in economic decision making, in general. Finally, we reconfirm the ubiquity of time preference and start to explore its determinants. (JEL D12, D83, I31)
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
I31 General Welfare; Well-Being
D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
I31 General Welfare; Well-Being
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