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Adolescent time and risk preferences: Measurement, determinants and field consequences

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  • Samek, Anya
  • Gray, Andre
  • Datar, Ashlesha
  • Nicosia, Nancy

Abstract

We use experimental and survey measures to evaluate the time and risk preferences of nearly 500 adolescents aged 16–19 years old. We find that survey questions about time and risk preferences are weakly correlated with corresponding experiments in which participants trade-off monetary rewards. We find potentially substantial inter-generational transfer of time and risk preferences: parent time and risk preferences are strongly predictive of adolescent preferences for both survey and experimental measures. There are also interesting heterogeneities: girls are less risk seeking and more patient than boys when risk and time preferences are measured via surveys. Interestingly, the survey measures have more predictive power for field outcomes than the experimental measures. Higher patience as measured by the survey is significantly associated with lower body mass index (BMI), less time spent on sedentary activities, more time spent on physical activity and lower consumption of fast food and sweets.

Suggested Citation

  • Samek, Anya & Gray, Andre & Datar, Ashlesha & Nicosia, Nancy, 2021. "Adolescent time and risk preferences: Measurement, determinants and field consequences," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 460-488.
    • Handle: RePEc:eee:jeborg:v:184:y:2021:i:c:p:460-488
    DOI: 10.1016/j.jebo.2020.12.023
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    Cited by:

    1. List, Greta & List, John A. & Ramirez, Lina M. & Samek, Anya, 2022. "Time and risk preferences of children predict health behaviors but not BMI," Economics Letters, Elsevier, vol. 218(C).
    2. Datar, Ashlesha & Nicosia, Nancy & Samek, Anya, 2023. "Heterogeneity in place effects on health: The case of time preferences and adolescent obesity," Economics & Human Biology, Elsevier, vol. 49(C).
    3. Silvia Angerer & E. Glenn Dutcher & Daniela Glätzle-Rützler & Philipp Lergetporer & Matthias Sutter, 2021. "The Formation of Risk Preferences through Small-Scale Events," CESifo Working Paper Series 9270, CESifo.
    4. Ertl, Antal & Horn, Dániel & Kiss, Hubert János, 2024. "Economic Preferences across Generations and Family Clusters: A Comment," I4R Discussion Paper Series 105, The Institute for Replication (I4R).
    5. Antonio Alfonso & Pablo Brañas-Garza & Diego Jorrat & Benjamín Prissé & María José Vázquez-De Francisco, 2024. "The Baking of Preferences throughout the High School," Working Papers 316, Red Nacional de Investigadores en Economía (RedNIE).
    6. Chiara Pastore & Stefanie Schurer & Agnieszka Tymula & Nicholas Fuller & Ian Caterson, 2023. "Economic preferences and obesity: Evidence from a clinical lab‐in‐field study," Health Economics, John Wiley & Sons, Ltd., vol. 32(9), pages 2147-2167, September.
    7. Ashlesha Datar & Nancy Nicosia & Anya Samek, 2022. "Heterogeneity in Place Effects on Health: The Case of Time Preferences and Adolescent Obesity," NBER Working Papers 29935, National Bureau of Economic Research, Inc.
    8. Alfonso, Antonio & Brañas-Garza, Pablo & Jorrat, Diego & Lomas, Pablo & Prissé, Benjamin & Vasco, Mónica & Vázquez-De Francisco, María J., 2023. "The adventure of running experiments with teenagers," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 106(C).

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    More about this item

    Keywords

    Field experiment; Adolescent; Time preferences; Risk preferences; Measurement; Parents;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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