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Time discounting for primary and monetary rewards

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  • Reuben, Ernesto
  • Sapienza, Paola
  • Zingales, Luigi

Abstract

This paper reports a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward (chocolate). This finding suggests that high short-term discount rates are related to an underlying individual trait.

Suggested Citation

  • Reuben, Ernesto & Sapienza, Paola & Zingales, Luigi, 2010. "Time discounting for primary and monetary rewards," Economics Letters, Elsevier, vol. 106(2), pages 125-127, February.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:2:p:125-127
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    References listed on IDEAS

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    1. Reuben, Ernesto & Sapienza, Paola & Zingales, Luigi, 2015. "Procrastination and impatience," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 58(C), pages 63-76.
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    12. Karp, Larry, 2005. "Global warming and hyperbolic discounting," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February.
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    More about this item

    Keywords

    Time preferences Hyperbolic discounting Intertemporal choice;

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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