The Cost of Being Too Patient
- (pp. 314-18)
AbstractWe study the cost of being too patient on happiness. We find that the relationship between patience and various measures of subjective well-being is hump-shaped: there exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.
CitationGiuliano, Paola, and Paola Sapienza. 2020. "The Cost of Being Too Patient." AEA Papers and Proceedings, 110: 314-18. DOI: 10.1257/pandp.20201070
- I31 General Welfare; Well-Being