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Stereotypes in intertemporal choice

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  • McLeish, Kendra N.
  • Oxoby, Robert J.

Abstract

We conduct a laboratory experiment exploring the existence of stereotypes in intertemporal decision-making. Participants were asked to predict intertemporal decisions made by third parties described only by age and gender. We find evidence of significant age and gender stereotyping with respect to intertemporal preferences. Interestingly, gender stereotyping is asymmetric across gender of respondent, with members of each gender viewing themselves as more patient than members of the other gender. We discuss these results in light of evidence of asymmetries in how physicians and other professionals provide recommendations based on a patient's demographic characteristics.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 70 (2009)
Issue (Month): 1-2 (May)
Pages: 135-141

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Handle: RePEc:eee:jeborg:v:70:y:2009:i:1-2:p:135-141

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Intertemporal choice Discounting Experiments Stereotypes;

References

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  1. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
  2. O'Donoghue, Ted & Rabin, Matthew, 2000. "Risky Behavior Among Youths: Some Issues from Behavioral Economics," Department of Economics, Working Paper Series qt5sf0z5rs, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  3. McLeish, Kendra N. & Oxoby, Robert J., 2007. "Gender, Affect and Intertemporal Consistency: An Experimental Approach," IZA Discussion Papers 2663, Institute for the Study of Labor (IZA).
  4. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
  5. Catherine C. Eckel & Philip J. Grossman, 2002. "Sex Differences and Statistical Stereotyping in Attitudes Toward Financial Risk," Development Research Unit Working Paper Series archive-03, Monash University, Department of Economics.
  6. Maribeth Coller & Melonie Williams, 1999. "Eliciting Individual Discount Rates," Experimental Economics, Springer, vol. 2(2), pages 107-127, December.
  7. Eckel, Catherine C & Grossman, Philip J, 2001. "Chivalry and Solidarity in Ultimatum Games," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 171-88, April.
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