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- W4387024878 abstract "Abstract We examine the links between age, risk tolerance, and impatience in a large French representative sample. We combine elicited preferences data based on an incentivized web experiment and stated preferences data based on self‐reported surveys. Our findings highlight distinct patterns: when considering stated preferences, both risk tolerance and impatience exhibit a decline with age. Higher risk tolerance is associated with higher impatience, and this relationship strengthens with age in the financial domain. In contrast, our analysis of elicited measures uncovers a different dynamic. Specifically, risk tolerance tends to increase with age, while age exhibits no significant influence on impatience. Furthermore, individuals endowed with higher risk tolerance tend to demonstrate lower levels of impatience, irrespective of their age." @default.
- W4387024878 created "2023-09-26" @default.
- W4387024878 creator A5005060420 @default.
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- W4387024878 date "2023-09-25" @default.
- W4387024878 modified "2023-10-14" @default.
- W4387024878 title "Does age affect the relation between risk and time preferences? Evidence from a representative sample" @default.
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- W4387024878 doi "https://doi.org/10.1002/soej.12662" @default.
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