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How to measure time preferences in children: a comparison of two methods

Published online by Cambridge University Press:  01 January 2025

Silvia Angerer ,
Philipp Lergetporer ,
Daniela Glätzle-Rützler  and
Matthias Sutter
Silvia Angerer
Affiliation:
Institute for Advanced Studies Carinthia, Klagenfurt, Austria
Philipp Lergetporer
Affiliation:
Ifo Institute at the University of Munich and CESifo, Munich, Germany
Daniela Glätzle-Rützler
Affiliation:
University of Innsbruck, Innsbruck, Austria
Matthias Sutter*
Affiliation:
University of Innsbruck, Innsbruck, Austria University of Cologne, Cologne, Germany
*
e-mail: matthias.sutter@uibk.ac.at
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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.

Keywords

Time preferencesExperimentMethodChildren

JEL classification

C91: Laboratory, Individual Behavior B41: Economic Methodology
Type
Original Paper
Information
Journal of the Economic Science Association , Volume 1 , Issue 2 , December 2015 , pp. 158 - 169
Copyright
Copyright © Economic Science Association 2015

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Footnotes

Electronic supplementary material The online version of this article (doi:10.1007/s40881-015-0016-0) contains supplementary material, which is available to authorized users.

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