ASFEE 6 in Paris

Speakers > Ashton Lydia

Tuesday 16
Intertemporal Preferences

› 16:40 - 17:05 (25min)
› 251
Hunger Games: Does Hunger Affect Time Preferences?
Lydia Ashton  1@  
1 : University of Wisconsin-Madison [Madison]  (UW-Madison)  -  Website
Madison, WI 53706 -  United States

Using a novel laboratory experiment I find that hunger increases monetary impatience. This effect is larger when monetary rewards are immediate, which shows that present bias is a visceral response and can help explain why the poor tend to make more shortsighted economic decisions. Given possible confounds between physical and mental resource depletion, I also manipulated cognitive fatigue. I find that cognitive fatigue also increases monetary impatience; nevertheless this effect is driven by an increase in corner solutions. I argue that this may reflect a decrease in attention and an increase in heuristic-based choices. However, more work is needed to confirm this hypothesis.

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