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

Files in This Item:
File Description SizeFormat 
delaneyw_workpap_001.pdf201.79 kBAdobe PDFDownload
Title: Psychological and biological foundations of time preference : evidence from a day reconstruction study with biological tracking
Authors: Delaney, Liam
Daly, Michael
Harmon, Colm
Permanent link: http://hdl.handle.net/10197/593
Date: 10-Aug-2008
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.
Type of material: Working Paper
Publisher: University College Dublin. Geary Institute
Copyright (published version): 2008 Geary Institute
Subject LCSH: Time and economic reactions--Ireland
Psychometrics--Research
Biology--Research
Other versions: http://geary.ucd.ie/images/Publications/WorkingPapers/gearywp200819.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers
Economics Research Collection
Economics Working Papers & Policy Papers

Show full item record

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.