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The implications of daylight saving time: A quasi-natural experiment on cognitive performance and risk taking behaviour

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  • Schaffner, Markus
  • Sarkar, Jayanta
  • Torgler, Benno
  • Dulleck, Uwe

Abstract

This article explores the effects of transition to daylight saving time (DST) on economically relevant behavioural measures – cognitive performance and risk-taking behaviour. Using a unique quasi-experimental design, we exploit the exogenous ‘treatment’ that the New South Wales residents are subjected to when their clock time is moved forward by an hour relative to the Queensland in springtime. The participants in our study are homogeneous with similar demographic and socio-economic conditions, which allows suitable comparison of the affected versus unaffected individuals over time. The results suggest that exposure to the DST transition does not significantly impact cognitive performance or risk-taking behaviour.

Suggested Citation

  • Schaffner, Markus & Sarkar, Jayanta & Torgler, Benno & Dulleck, Uwe, 2018. "The implications of daylight saving time: A quasi-natural experiment on cognitive performance and risk taking behaviour," Economic Modelling, Elsevier, vol. 70(C), pages 390-400.
    • Handle: RePEc:eee:ecmode:v:70:y:2018:i:c:p:390-400
    DOI: 10.1016/j.econmod.2017.08.009
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    References listed on IDEAS

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    1. Lisa A. Kramer & Mark J. Kamstra & Maurice D. Levi, 2000. "Losing Sleep at the Market: The Daylight Saving Anomaly," American Economic Review, American Economic Association, vol. 90(4), pages 1005-1011, September.
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    3. Matthew J. Kotchen & Laura E. Grant, 2011. "Does Daylight Saving Time Save Energy? Evidence from a Natural Experiment in Indiana," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1172-1185, November.
    4. Poul Jennum & Rikke Ibsen & Kirsten Avlund & Jakob Kjellberg, 2014. "Health, social and economic consequences of hypersomnia: a controlled national study from a national registry evaluating the societal effect on patients and their partners," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 15(3), pages 303-311, April.
    5. Eckel, Catherine C. & Grossman, Philip J., 2008. "Men, Women and Risk Aversion: Experimental Evidence," Handbook of Experimental Economics Results, in: Charles R. Plott & Vernon L. Smith (ed.), Handbook of Experimental Economics Results, edition 1, volume 1, chapter 113, pages 1061-1073, Elsevier.
    6. Baert, Stijn & Omey, Eddy & Verhaest, Dieter & Vermeir, Aurélie, 2015. "Mister Sandman, bring me good marks! On the relationship between sleep quality and academic achievement," Social Science & Medicine, Elsevier, vol. 130(C), pages 91-98.
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    Cited by:

    1. Kudela, Peter & Havranek, Tomas & Herman, Dominik & Irsova, Zuzana, 2020. "Does daylight saving time save electricity? Evidence from Slovakia," Energy Policy, Elsevier, vol. 137(C).

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    More about this item

    Keywords

    D81; C93; C21; I1; Daylight saving time; Risk-taking behaviour; Cognitive performance; Quasi-natural experiment;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • I1 - Health, Education, and Welfare - - Health

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