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Time Preferences and Food Choice

Author

Listed:
  • Andy Brownback
  • Alex Imas
  • Michael A. Kuhn

Abstract

Healthy food choices are a canonical example used to illustrate the importance of time preferences in behavioral economics. However, the literature lacks a direct demonstration that they are well-predicted by incentivized time preference measures. We offer direct evidence by combining a novel, two-question, incentivized time preference measurement with data from a field experiment that includes grocery purchases and consumption. Our present-focus measure is highly predictive of food choice, capturing a number of behaviors consistent with self-control problems, which provides direct evidence for the common assumption that important aspects of nutrition are driven by time preferences.

Suggested Citation

  • Andy Brownback & Alex Imas & Michael A. Kuhn, 2023. "Time Preferences and Food Choice," NBER Working Papers 31726, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:31726
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    More about this item

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other

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