Collective intertemporal decisions and heterogeneity in groups

被引：4

作者：

Glaetzle-Ruetzler, Daniela ^{[1
]}

Lergetporer, Philipp ^{[2
,3
,4
]}

Sutter, Matthias ^{[5
,6
,7
,8
]}

机构：

[1] Univ Innsbruck, Dept Publ Finance, Innsbruck, Austria

[2] Tech Univ Munich, Sch Management, Dept Econ & Policy, Munich, Germany

[3] Ifo Inst Munich, Ctr Econ Educ, Munich, Germany

[4] CESifo, Munich, Germany

[5] Max Planck Inst Res Collect Goods, Kurt Schumacher Str 10, D-53113 Bonn, Germany

[6] Univ Cologne, Cologne, Germany

[7] Univ Innsbruck, Innsbruck, Austria

[8] IZA Bonn, Bonn, Germany

来源：

GAMES AND ECONOMIC BEHAVIOR | 2021年 / 130卷

关键词：

Patience; Time preferences; Group decisions; Payoff heterogeneity; Experiment; TIME-PREFERENCES; ECONOMIC-BEHAVIOR; RISK PREFERENCES; DYNAMIC CHOICE; PATIENCE; COMMUNICATION; INDIVIDUALS; CONSISTENCY; AGREEMENT; CHILDREN;

D O I：

10.1016/j.geb.2021.07.009

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group members' heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals. This effect stems from the presence of at least one group member with a high payoff from waiting. We analyze additional treatments, group chat content, and survey data to uncover the mechanism through which heterogeneity in groups increases patience. (C) 2021 Elsevier Inc. All rights reserved.

引用

页码：131 / 147

页数：17

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