This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.
- Time preferences
- Validation of survey measures
- INDIVIDUAL DISCOUNT RATES
Vischer, T., Dohmen, T. J., Falk, A., Huffman, D., Schupp, J., Sunde, U., & Wagner, G. G. (2013). Validating an ultra-short survey measure of patience. Economics Letters, 120(2), 142-145. https://doi.org/10.1016/j.econlet.2013.04.007