Impatience and uncertainty

Experimental decisions predict adolescents' field behavior

M. Sutter, M.G. Kocher, D. Rützler, S.T. Trautmann

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health-related field behavior, saving decisions, and conduct at school. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index, are less likely to save money, and show worse conduct at school. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.
Original languageEnglish
Pages (from-to)510-531
JournalAmerican Economic Review
Volume103
Issue number1
Publication statusPublished - 2013

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Uncertainty
Impatience
Predictors
Risk attitude
Saving behavior
Experiment
Health
Time preference
Alcohol
Body mass index
Cigarettes

Cite this

Sutter, M. ; Kocher, M.G. ; Rützler, D. ; Trautmann, S.T. / Impatience and uncertainty : Experimental decisions predict adolescents' field behavior. In: American Economic Review. 2013 ; Vol. 103, No. 1. pp. 510-531.
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Impatience and uncertainty : Experimental decisions predict adolescents' field behavior. / Sutter, M.; Kocher, M.G.; Rützler, D.; Trautmann, S.T.

In: American Economic Review, Vol. 103, No. 1, 2013, p. 510-531.

Research output: Contribution to journalArticleScientificpeer-review

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AB - We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health-related field behavior, saving decisions, and conduct at school. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index, are less likely to save money, and show worse conduct at school. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.

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