Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
- (pp. 510-31)
AbstractWe 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.
Citation2013. "Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior." American Economic Review, 103 (1): 510-31. DOI: 10.1257/aer.103.1.510
- 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