Adolescent Time and Risk Preferences: Measurement, Determinants and Field Consequences.

ABSTRACT: We use experimental and survey measures to evaluate the time and risk preferences of nearly 500 adolescents aged 16-19 years old. We find that survey questions about time and risk preferences are weakly correlated with corresponding experiments in which participants trade-off monetary rewards. We find potentially substantial inter-generational transfer of time and risk preferences: parent time and risk preferences are strongly predictive of adolescent preferences for both survey and experimental measures. There are also interesting heterogeneities: girls are less risk seeking and more patient than boys when risk and time preferences are measured via surveys. Interestingly, the survey measures have more predictive power for field outcomes than the experimental measures. Higher patience as m

SUBMITTER: Samek A 

PROVIDER: S-EPMC8009336 | biostudies-literature | 2021 Apr

REPOSITORIES: biostudies-literature