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http://hdl.handle.net/1893/8770| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Psychological and Biological Foundations of Time Preference |
| Author(s): | Daly, Michael Harmon, Colm Delaney, Liam |
| Contact Email: | liam.delaney@stir.ac.uk |
| Issue Date: | Apr-2009 |
| Date Deposited: | 3-Sep-2012 |
| Citation: | Daly M, Harmon C & Delaney L (2009) Psychological and Biological Foundations of Time Preference. Journal of the European Economic Association, 7 (2-3), pp. 659-669. https://doi.org/10.1162/JEEA.2009.7.2-3.659 |
| 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 extent to which individual differences in financial discounting are related to underlying biological and psychological differences. 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. |
| DOI Link: | 10.1162/JEEA.2009.7.2-3.659 |
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| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
| File | Description | Size | Format | |
|---|---|---|---|---|
| Delaney_2009_Psychological_and_Biological_Foundations_of_Time.pdf | Fulltext - Published Version | 96.73 kB | Adobe PDF | Under Permanent Embargo Request a copy |
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