Scarcity and Intertemporal Choice
Author
Abstract
Suggested Citation
DOI: 10.21799/frbp.wp.2022.27
Download full text from publisher
References listed on IDEAS
- Leandro Siqueira Carvalho, 2010. "Poverty and Time Preference," Working Papers 759, RAND Corporation.
- Emma Aisbett & Ralf Steinhauser, 2014.
"Maintaining the Common Pool: Voluntary Water Conservation in Response to Varying Scarcity,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 167-185, October.
- Aisbett, Emma & Steinhauser, Ralf, 2013. "Maintaining the Common Poolː Voluntary Water Conservation in Response to Varying Scarcity," WiSo-HH Working Paper Series 7, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
- Leandro Carvalho, 2010. "Poverty and Time Preference," Working Papers WR-759, RAND Corporation.
- Anandi Mani & Sendhil Mullainathan & Eldar Shafir & Jiaying Zhao, 2020.
"Scarcity and Cognitive Function around Payday: A Conceptual and Empirical Analysis,"
Journal of the Association for Consumer Research, University of Chicago Press, vol. 5(4), pages 365-376.
- Anandi Mani & Sendhil; Mullainathan & Eldarl Shafir & Jiaying Zhao, 2020. "Scarcity and Cognitive Function around Payday: A Conceptual and Empirical Analysis," CSAE Working Paper Series 2020-04, Centre for the Study of African Economies, University of Oxford.
- Stephanie M. Tully & Hal E. Hershfield & Tom Meyvis, 2015. "Seeking Lasting Enjoyment with Limited Money: Financial Constraints Increase Preference for Material Goods over Experiences," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 42(1), pages 59-75.
- Stephen A. Spiller, 2011. "Opportunity Cost Consideration," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 38(4), pages 595-610.
- Brian T. Melzer, 2011. "The Real Costs of Credit Access: Evidence from the Payday Lending Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 517-555.
- Quang Nguyen & Colin Camerer & Tomomi Tanaka, 2010. "Risk and Time Preferences Linking Experimental and Household Data from Vietnam," Post-Print halshs-00547090, HAL.
- Adel Daoud, 2010. "Robbins and Malthus on Scarcity, Abundance, and Sufficiency," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1206-1229, October.
- Qiyan Ong & Walter Theseira & Irene Y. H. Ng, 2019. "Reducing debt improves psychological functioning and changes decision-making in the poor," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 116(15), pages 7244-7249, April.
- Gasiorowska, Agata, 2014.
"The relationship between objective and subjective wealth is moderated by financial control and mediated by money anxiety,"
Journal of Economic Psychology, Elsevier, vol. 43(C), pages 64-74.
- Gasiorowska, Agata, 2014. "The relationship between objective and subjective wealth is moderated by financial control and mediated by money anxiety," MPRA Paper 55907, University Library of Munich, Germany.
- Eesha Sharma & Adam L. Alter, 2012. "Financial Deprivation Prompts Consumers to Seek Scarce Goods," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 39(3), pages 545-560.
- Philip M. Fernbach & Christina Kan & John G. Lynch Jr., 2015. "Squeezed: Coping with Constraint through Efficiency and Prioritization," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 41(5), pages 1204-1227.
- Mark Dean & Anja Sautmann, 2014. "Credit Constraints and the Measurement of Time Preferences," Working Papers 2014-1, Brown University, Department of Economics.
- Loewenstein, George, 1996. "Out of Control: Visceral Influences on Behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(3), pages 272-292, March.
- Tomomi Tanaka & Colin F. Camerer & Quang Nguyen, 2010. "Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam," American Economic Review, American Economic Association, vol. 100(1), pages 557-571, March.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- Lawrance, Emily C, 1991. "Poverty and the Rate of Time Preference: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 54-77, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ubfal, Diego, 2016.
"How general are time preferences? Eliciting good-specific discount rates,"
Journal of Development Economics, Elsevier, vol. 118(C), pages 150-170.
- Ubfal, Diego, 2012. "How General Are Time Preferences? Eliciting Good-Specific Discount Rates," IZA Discussion Papers 6774, Institute of Labor Economics (IZA).
- Diego Ubfal, 2015. "How General Are Time Preferences? Eliciting Good-Specific Discount Rates," Working Papers 554, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Diego Ubfal, 2013. "How General Are Time Preferences? Eliciting Good-Specific Discount Rates," Working Papers 473, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Rita Abdel Sater, 2021. "Essays on the application of behavioural insights to environmental policy [Essais sur l’application des connaissances comportementales aux politiques environnementales]," SciencePo Working papers tel-03450909, HAL.
- Rita Abdel Sater, 2021. "Essays on the application of behavioural insights to environmental policy [Essais sur l’application des connaissances comportementales aux politiques environnementales]," SciencePo Working papers Main tel-03450909, HAL.
- Jindrich Matousek & Tomas Havranek & Zuzana Irsova, 2022.
"Individual discount rates: a meta-analysis of experimental evidence,"
Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 318-358, February.
- Jindrich Matousek, 2018. "Individual Discount Rates: A Meta-Analysis of the Experimental Evidence," Working Papers IES 2018/40, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2018.
- Havranek, Tomas & Matousek, Jindrich & Irsova, Zuzana, 2021. "Individual Discount Rates: A Meta-Analysis of Experimental Evidence," CEPR Discussion Papers 15688, C.E.P.R. Discussion Papers.
- Matousek, Jindrich & Havranek, Tomas & Irsova, Zuzana, 2019. "Individual Discount Rates: A Meta-Analysis of Experimental Evidence," EconStor Preprints 194617, ZBW - Leibniz Information Centre for Economics.
- Carvalho, Leandro S. & Prina, Silvia & Sydnor, Justin, 2016. "The effect of saving on risk attitudes and intertemporal choices," Journal of Development Economics, Elsevier, vol. 120(C), pages 41-52.
- Reyes, René & Nelson, Harry & Zerriffi, Hisham, 2021. "How do decision makers´ ethnicity and religion influence the use of forests? Evidence from Chile," Forest Policy and Economics, Elsevier, vol. 128(C).
- Michal Bauer & Julie Chytilová, 2010.
"The Impact of Education on Subjective Discount Rate in Ugandan Villages,"
Economic Development and Cultural Change, University of Chicago Press, vol. 58(4), pages 643-669, July.
- Bauer, Michal & Chytilová, Julie, 2009. "The Impact of Education on the Subjective Discount Rate in Ugandan Villages," IZA Discussion Papers 4057, Institute of Labor Economics (IZA).
- Ute Rink & Theresa Rollwage, 2022. "Household disability and time preferences: Evidence from incentivized experiments in Vietnam," TVSEP Working Papers wp-027, Leibniz Universitaet Hannover, Institute for Environmental Economics and World Trade, Project TVSEP.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2023.
"Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles,"
American Economic Journal: Applied Economics, American Economic Association, vol. 15(4), pages 68-99, October.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," ISER Discussion Paper 1133, Institute of Social and Economic Research, Osaka University.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," NBER Working Papers 28784, National Bureau of Economic Research, Inc.
- Mike Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," Discussion Papers dp21-05, Department of Economics, Simon Fraser University.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2023. "Temporal Instability of Risk Preference Among the Poor: Evidence from Payday Cycles," Post-Print hal-04274725, HAL.
- Luc Meunier & Sima Ohadi, 2021. "The Impact of the COVID-19 Crisis on Individuals' Risk and Time Preferences," Economics Bulletin, AccessEcon, vol. 41(3), pages 1050-1069.
- Dániel Horn & Hubert János Kiss, 2020.
"Time preferences and their life outcome correlates: Evidence from a representative survey,"
PLOS ONE, Public Library of Science, vol. 15(7), pages 1-26, July.
- Daniel Horn & Hubert Janos Kiss, 2019. "Time preferences and their life outcome correlates: Evidence from a representative survey," Budapest Working Papers on the Labour Market 1901, Institute of Economics, Centre for Economic and Regional Studies.
- Kureishi, Wataru & Paule-Paludkiewicz, Hannah & Tsujiyama, Hitoshi & Wakabayashi, Midori, 2021.
"Time preferences over the life cycle and household saving puzzles,"
Journal of Monetary Economics, Elsevier, vol. 124(C), pages 123-139.
- Wataru Kureishi & Hannah Paule-Paludkiewicz & Hitoshi Tsujiyama & Midori Wakabayashi, 2021. "Time Preferences over the Life Cycle and Household Saving Puzzles," CESifo Working Paper Series 8935, CESifo.
- Shi Yingnan & Xinghao Li, 2017. "The Time Preference of Chinese Tend to be Less Affected by Positive Emotions: As Proved by an Experimental Study," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 201-216.
- Contreras Suarez, Diana & Cameron, Lisa A., 2016. "Conditional Cash Transfers: Do They Change Time Preferences and Educational Aspirations?," IZA Discussion Papers 10309, Institute of Labor Economics (IZA).
- Dawoon Jung & Tushar Bharati & Seungwoo Chin, 2021.
"Does Education Affect Time Preference? Evidence from Indonesia,"
Economic Development and Cultural Change, University of Chicago Press, vol. 69(4), pages 1451-1499.
- Dawoon Jung & Tushar Bharati & Seungwoo Chin, 2020. "Does Education Affect Time Preference? Evidence from Indonesia," Economics Discussion / Working Papers 20-17, The University of Western Australia, Department of Economics.
- Mark Dean & Anja Sautmann, 2021. "Credit Constraints and the Measurement of Time Preferences," The Review of Economics and Statistics, MIT Press, vol. 103(1), pages 119-135, March.
- Antoine Bozio & Guy Laroque & Cormac O’Dea, 2017.
"Discount rate heterogeneity among older households: a puzzle?,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(2), pages 647-680, April.
- Antoine Bozio & Guy Laroque & Cormac O'Dea, 2013. "Discount Rate Heterogeneity Among Older Households: A Puzzle?," IFS Working Papers W13/02, Institute for Fiscal Studies.
- Antoine Bozio & Guy Laroque & Cormac O’dea, 2017. "Discount rate heterogeneity among older households: a puzzle?," PSE-Ecole d'économie de Paris (Postprint) halshs-01513333, HAL.
- Antoine Bozio & Guy Laroque & Cormac O’dea, 2017. "Discount rate heterogeneity among older households: a puzzle?," Post-Print halshs-01513333, HAL.
- Antoine Bozio & Guy Laroque & Cormac O’dea, 2017. "Discount rate heterogeneity among older households: a puzzle?," SciencePo Working papers Main halshs-01513333, HAL.
- Gao,Nan & Ma,Yuanyuan & Xu,L. Colin, 2020. "Credit Constraints and Fraud Victimization : Evidence from a Representative Chinese Household Survey," Policy Research Working Paper Series 9460, The World Bank.
- Malika Malika & Durairaj Maheswaran & Shailendra Pratap Jain, 2022. "Perceived financial constraints and normative influence: discretionary purchase decisions across cultures," Journal of the Academy of Marketing Science, Springer, vol. 50(2), pages 252-271, March.
More about this item
Keywords
scarcity; myopia; intertemporal choice; financial decision-making; economic psychology;All these keywords.
JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2023-05-22 (Cognitive and Behavioural Economics)
- NEP-DCM-2023-05-22 (Discrete Choice Models)
- NEP-UPT-2023-05-22 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedpwp:94693. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Beth Paul (email available below). General contact details of provider: https://edirc.repec.org/data/frbphus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.