Doing it now or later with payoff externalitiesExperimental evidence on social time preferences

  1. Giovanni Ponti
  2. Ismael Rodríguez-Lara
  3. Daniela Cagno Di
Revista:
Working papers = Documentos de trabajo: Serie AD

Año de publicación: 2014

Número: 5

Páginas: 1-49

Tipo: Documento de Trabajo

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Resumen

We report experimental evidence on the effects of social preferences on intertemporal decisions. To this aim, we set up an intertemporal Dictator Game and investigate whether (and how) subjects change theirchoices, compared with those they had taken in absence of any payoff externality in a previous stage of the experiment. We run two treatments -INFO and BELIEF, respectively- depending on whether Dictators know -or are asked to elicit- their assigned Recipients' risk and time preferences. We find that high (own) risk aversion is associated with low (own) discounting. We also find that (heterogeneous) socialtime preferences are significant determinants of choices, in that Dictators display a marked propensityto account for the Recipients' intertemporal concerns

Fuente de los datos: Dialnet