Weekly Seminar

Giovanni Ponti

Universidad de Alicante

30-Nov-2012

Seminar 3 – 14:30

Abstract

This paper reports the results of an experiment aiming to evaluate the effect of social preferences on intertemporal decisions. To this aim, we look at whether (and how) individuals change their intertemporal decisions when the latter do affect not only themselves, but also someone else. We run two treatments (INFO and BELIEF, respectively) depending on whether Dictators know (or are asked to elicit) the Recipient’s time preferences. We find that (i) (heterogeneous) social preferences are significant determinants of choices, and that (ii) Dictators display a marked propensity to account for teh Recipients’ intertemporal concerns.

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