Does time pressure affect intertemporal choice : an experimental study

This paper examines whether individual's intertemporal choice is affected under time pressure. We recruited 90 subjects to participate in our laboratory experiment and asked them to answer a series of time preference questions. Time limit to complete the task was imposed on the participants in...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: Ong, Chun Keat, Tan, Teng Hon
مؤلفون آخرون: He Tai-Sen
التنسيق: Final Year Project
اللغة:English
منشور في: 2014
الموضوعات:
الوصول للمادة أونلاين:http://hdl.handle.net/10356/61943
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spelling sg-ntu-dr.10356-619432019-12-10T12:37:15Z Does time pressure affect intertemporal choice : an experimental study Ong, Chun Keat Tan, Teng Hon He Tai-Sen School of Humanities and Social Sciences DRNTU::Social sciences::Economic theory::Microeconomics This paper examines whether individual's intertemporal choice is affected under time pressure. We recruited 90 subjects to participate in our laboratory experiment and asked them to answer a series of time preference questions. Time limit to complete the task was imposed on the participants in the treatment group. Our results indicate that there is no general effect of time constraint on individual's intertemporal choice. However, after disaggregating subjects according to their mood - participants that felt tensed in the treatment group were found to have higher discount rates while those that did not feel the time pressure had lower discount rates, relative to the control group. This suggests that time constraint does have an effect on subjects' intertemporal choice but it is conditional on how individual reacts to time pressure. Bachelor of Arts 2014-12-12T02:07:06Z 2014-12-12T02:07:06Z 2014 2014 Final Year Project (FYP) http://hdl.handle.net/10356/61943 en Nanyang Technological University 38 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic theory::Microeconomics
spellingShingle DRNTU::Social sciences::Economic theory::Microeconomics
Ong, Chun Keat
Tan, Teng Hon
Does time pressure affect intertemporal choice : an experimental study
description This paper examines whether individual's intertemporal choice is affected under time pressure. We recruited 90 subjects to participate in our laboratory experiment and asked them to answer a series of time preference questions. Time limit to complete the task was imposed on the participants in the treatment group. Our results indicate that there is no general effect of time constraint on individual's intertemporal choice. However, after disaggregating subjects according to their mood - participants that felt tensed in the treatment group were found to have higher discount rates while those that did not feel the time pressure had lower discount rates, relative to the control group. This suggests that time constraint does have an effect on subjects' intertemporal choice but it is conditional on how individual reacts to time pressure.
author2 He Tai-Sen
author_facet He Tai-Sen
Ong, Chun Keat
Tan, Teng Hon
format Final Year Project
author Ong, Chun Keat
Tan, Teng Hon
author_sort Ong, Chun Keat
title Does time pressure affect intertemporal choice : an experimental study
title_short Does time pressure affect intertemporal choice : an experimental study
title_full Does time pressure affect intertemporal choice : an experimental study
title_fullStr Does time pressure affect intertemporal choice : an experimental study
title_full_unstemmed Does time pressure affect intertemporal choice : an experimental study
title_sort does time pressure affect intertemporal choice : an experimental study
publishDate 2014
url http://hdl.handle.net/10356/61943
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