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JUST VENMO ME: Does form of payment affect risk taking and intertemporal choice?

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  • Jessica B. Hoel

    (Colorado College)

  • Prachi Jain

    (Loyola Marymount University)

  • Bridget Galaty

    (University of Chicago)

Abstract

We use an experiment to examine whether form of payment (cash or mobile money) affects estimates of intertemporal choice and risk taking. We find that form of payment does not affect temporal discounting and risk taking. Given that participants prefer payment via mobile money, the results suggest that there are minimal concerns with using mobile money to pay participants in experimental studies.

Suggested Citation

  • Jessica B. Hoel & Prachi Jain & Bridget Galaty, 2022. "JUST VENMO ME: Does form of payment affect risk taking and intertemporal choice?," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 8(1), pages 16-33, December.
    • Handle: RePEc:spr:jesaex:v:8:y:2022:i:1:d:10.1007_s40881-022-00116-0
    DOI: 10.1007/s40881-022-00116-0
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    More about this item

    Keywords

    Risk taking; Temporal discounting; Mobile money; Form of payment;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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