• Corpus ID: 224705880

Paid and hypothetical time preferences are the same: Lab, field and online evidence

@article{BraasGarza2020PaidAH,
  title={Paid and hypothetical time preferences are the same: Lab, field and online evidence},
  author={Pablo Bra{\~n}as-Garza and Diego Andr{\'e}s Jorrat and Antonio M. Esp'in and Angel S'anchez},
  journal={ArXiv},
  year={2020},
  volume={abs/2010.09262}
}
The use of hypothetical instead of real decision-making incentives remains under debate after decades of economic experiments. Standard incentivized experiments involve substantial monetary costs due to participants’ earnings and often logistic costs as well. In time preferences experiments, which involve future payments, real payments are particularly problematic. Since immediate rewards frequently have lower transaction costs than delayed rewards in experimental tasks, among other issues… 

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