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http://hdl.handle.net/10197/593
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| Title: | Psychological and biological foundations of time preference : evidence from a day reconstruction study with biological tracking |
| Author: | Delaney, Liam
Daly, Michael
Harmon, Colm |
| Author web links: | Liam Delaney (web page)
Harmon, Colm (web page) |
| Author contacts: | Liam Delaney - Email: Liam.Delaney@ucd.ie; Tel: 353-1-7164613
Harmon, Colm - Email: colm.harmon@ucd.ie; Tel: 3531 7164614 |
| Date: | 10-Aug-2008 |
| Publisher: | University College Dublin. Geary Institute |
| Series or research strand: | UCD Geary Institute Discussion Paper Series
WP/19/2008
UCD Centre for Economic Research Working Paper Series
WP08/19 |
| Type of material: | Working Paper |
| Abstract: | This paper considers the relationship between the economic concept of time preference and relevant concepts from psychology and biology. Using novel data from a time diary study conducted in Ireland that combined detailed psychometric testing with medical testing and real time bio-tracking, we examine the distribution of a number of psychometric measures linked to the economic concept of time preferences and test the extent to which these measures form coherent clusters and the degree to which these clusters are related to underlying biological substrates. The paper finds that financial discounting is related to a range of psychological variables including consideration of future consequences, self-control, conscientiousness, extraversion, and experiential avoidance as well as being predicted by heart rate variability and blood pressure. |
| Web link to reference this item: | http://hdl.handle.net/10197/593 |
| Subject Heading: | Time and economic reactions--Ireland; Psychometrics--Research; Biology--Research; |
| Other web versions: | Publisher's version |
| Status of Item: | Not peer reviewed |
| Availability: | Full text available |
| Appears in Collections: | Economists Online Collection & RePEc
Economics Working Papers & Policy Papers, 1982 -- August 2011
Geary Institute Working Papers
Economics Research Collection
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