Psychological and biological foundations of time preference : evidence from a day reconstruction study with biological tracking

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dc.contributor.author Delaney, Liam
dc.contributor.author Daly, Michael en
dc.contributor.author Harmon, Colm
dc.date.accessioned 2008-10-20T15:30:13Z
dc.date.available 2008-10-20T15:30:13Z
dc.date.copyright 2008 Geary Institute en
dc.date.issued 2008-08-10
dc.identifier.uri http://hdl.handle.net/10197/593
dc.description.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. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. Geary Institute en
dc.relation.ispartofseries UCD Geary Institute Discussion Paper Series en
dc.relation.ispartofseries WP/19/2008 en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series
dc.relation.ispartofseries WP08/19
dc.subject.lcsh Time and economic reactions--Ireland en
dc.subject.lcsh Psychometrics--Research en
dc.subject.lcsh Biology--Research en
dc.title Psychological and biological foundations of time preference : evidence from a day reconstruction study with biological tracking en
dc.type Working Paper en
dc.internal.authorurl Liam Delaney (web page) en
dc.internal.authorurl http://www.ucd.ie/economics/staff/ldelaney/ldelaney.htm en
dc.internal.authorurl Harmon, Colm (web page) en
dc.internal.authorurl http://www.ucd.ie/economics/staff/charmon/colm.harmon.htm en
dc.internal.authorcontactother Liam Delaney - Email: Liam.Delaney@ucd.ie; Tel: 353-1-7164613 en
dc.internal.authorcontactother Harmon, Colm - Email: colm.harmon@ucd.ie; Tel: 3531 7164614 en
dc.internal.authorid UCD0004 en
dc.internal.authorid UCD0009 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://geary.ucd.ie/images/Publications/WorkingPapers/gearywp200819.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Daly|Michael|aut|
dc.neeo.contributor Delaney|Liam|aut|UCD0004
dc.neeo.contributor Harmon|Colm|aut|UCD0009


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