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Time preferences in decisions for others

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  • Rau, Holger A.

Abstract

This paper analyzes in a within-subjects experiment time preferences when people decide for themselves and on behalf of others. The data show that subjects become more impatient when making decisions, which affect the payoff of others. Regression analyses reveal a positive correlation between altruistic behavior and impatience in decisions for others.

Suggested Citation

  • Rau, Holger A., 2021. "Time preferences in decisions for others," Economics Letters, Elsevier, vol. 200(C).
    • Handle: RePEc:eee:ecolet:v:200:y:2021:i:c:s0165176521000434
    DOI: 10.1016/j.econlet.2021.109766
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    References listed on IDEAS

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    Cited by:

    1. Justus Haucap & Christina Heldman & Holger A. Rau, 2022. "Gender and Cooperation in the Presence of Negative Externalities," CESifo Working Paper Series 9614, CESifo.
    2. Haucap, Justus & Heldman, Christina & Rau, Holger A., 2022. "Gender and collusion," DICE Discussion Papers 380, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

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    More about this item

    Keywords

    Decisions for others; Experiment; Time preferences;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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