Many studies already did research in finding any correlation between impatience and field behavior using hyperbolic discounting functions. However, using these functions can be prob- lematic. Therefore in Rohde (2016), a new measure is introduced for calculating the degree of decreasing impatience. This research focusses on an extension of the experiment by Rohde (2016), searching for correlations between the degree of decreasing impatience and self-reported self-control problems. Two experiments were set up using monetary incentives and health states. For the monetary incentives, two procedures P and T from Rohde (2016) were used. It seems that P gives a more plausible outcome for the degree of decreasing impatience compared to T. For health states, only P was used for theoretical reasons. Using health states instead of monetary incentives leads to people having a stronger degree of decreasing impatience. In both experiments, no correlation was found between the degree of decreasing impatience and self- reported self-control problems, suggesting that self-control problems cannot solely be predicted from changes in impatience.

, , ,
K.I.M. Rhode
hdl.handle.net/2105/38347
Business Economics
Erasmus School of Economics

M.M.C.M. Mendes de Leon. (2017, July 19). The Relation between Field Behaviour and Changes in Impatience. Business Economics. Retrieved from http://hdl.handle.net/2105/38347