Publication: How time preferences differ: Evidence from 53 countries
How time preferences differ: Evidence from 53 countries
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Wang, M., Rieger, M. O., & Hens, T. (2016). How time preferences differ: Evidence from 53 countries. Journal of Economic Psychology, 52, 115–135. https://doi.org/10.1016/j.joep.2015.12.001
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We present results from the first large-scale international survey on time preference, conducted in 53 countries. All countries exhibit hyperbolic discounting patterns, i.e., the immediate future is discounted more than far future. We also observe higher heterogeneity for shorter time horizons, consistent with the pattern reviewed by Frederick, Loewenstein, and O’Donoghue (2002). Cultural factors as captured by the Hofstede cultural dimensions (Hofstede, 1991) contribute significantly to the variation of time discounting, even after c
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- Wang, Mei
- Rieger, Marc Oliver
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Wang, M., Rieger, M. O., & Hens, T. (2016). How time preferences differ: Evidence from 53 countries. Journal of Economic Psychology, 52, 115–135. https://doi.org/10.1016/j.joep.2015.12.001
