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Time discounting for primary and monetary rewards |
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| Authors: | Ernesto Reuben Paola Sapienza Luigi Zingales |
| Institution: | 1. Yale University, Innovations for Poverty Action, M.I.T. Jameel Poverty Action Lab, 27 Hillhouse Avenue, New Haven, CT 06511;2. Clemson University, John E. Walker Department of Economics, 228 Sirrine Hall, Clemson, SC 29634;1. University of Arkansas, USA;2. Chapman University, USA;3. RAND Corporation, 1776 Main Street, P.O. Box 2138, Santa Monica, CA 90407-2138, USA |
| Abstract: | This paper reports a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward (chocolate). This finding suggests that high short-term discount rates are related to an underlying individual trait. |
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