Universität zu Köln

Angerer, Silvia ORCID: 0000-0001-8107-2206, Lergetporer, Philipp, Glätzle-Rützler, Daniela ORCID: 0000-0002-6678-2418 and Sutter, Matthias ORCID: 0000-0002-6143-8706 (2015). How to measure time preferences in children: a comparison of two methods. J. Econ. Sci. Assoc.-JESA, 1 (2). S. 158 - 170. NEW YORK: SPRINGER. ISSN 2199-6784

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Abstract

We measure time preferences in a sample of 561 children aged 7-11 years. Using a within-subject design, we compare the behavior of our subjects using two distinct experimental measures of time preferences: a standard choice list with multiple decisions and a single choice time-investment-exercise requiring one decision only. We find that both measures yield very similar aggregate results, correlate significantly within subjects and can be explained by basically the same explanatory variables. Advantages and disadvantages of both measures are discussed. Our findings are relevant for the design of experiments to measure time preferences.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Angerer, Silvia UNSPECIFIED orcid.org/0000-0001-8107-2206 UNSPECIFIED Lergetporer, Philipp UNSPECIFIED UNSPECIFIED UNSPECIFIED Glätzle-Rützler, Daniela UNSPECIFIED orcid.org/0000-0002-6678-2418 UNSPECIFIED Sutter, Matthias UNSPECIFIED orcid.org/0000-0002-6143-8706 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-386212
DOI:	10.1007/s40881-015-0016-0
Journal or Publication Title:	J. Econ. Sci. Assoc.-JESA
Volume:	1
Number:	2
Page Range:	S. 158 - 170
Date:	2015
Publisher:	SPRINGER
Place of Publication:	NEW YORK
ISSN:	2199-6784
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language DISCOUNT RATES; IMPATIENCE Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/38621