2014
DOI: 10.1002/jeab.129
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Sweet sixteen: Changing time preferences in the transition from middle school to high school, for different scenarios

Abstract: Teenagers earn, save and spend large amounts of money. Therefore, understanding teenagers' time preference and how it affects their economic behavior is very important. The current study investigates time preferences of high school and middle school students, and the effect of different intertemporal choice scenarios on teenagers' subjective discount rate. One scenario used a standard intertemporal choice question while the other was a wage scenario. We found higher future orientation (lower subjective discoun… Show more

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Cited by 11 publications
(4 citation statements)
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“…The negative correlation indicates that subjects demand a relatively lower discount rate in return for delaying repayment of a larger sum, as opposed to a smaller sum. This is consistent with earlier studies (Lahav, Shavit, & Benzion, 2015; Thaler, 1981).…”
Section: Resultssupporting
confidence: 94%
“…The negative correlation indicates that subjects demand a relatively lower discount rate in return for delaying repayment of a larger sum, as opposed to a smaller sum. This is consistent with earlier studies (Lahav, Shavit, & Benzion, 2015; Thaler, 1981).…”
Section: Resultssupporting
confidence: 94%
“…Adults also have greater access to financial resources, which may impact their choice to wait for larger, later amounts of money. One study conducted in Israel, for example, demonstrated that adolescents who had greater access to money are more willing to wait for larger, later rewards (Lahav, Shavit, & Benzion, 2015). Developmental differences in the areas of the brain related to self-control, which is mature by age 20, could also account for these age-related differences (Diamond, 2002).…”
Section: Discussionmentioning
confidence: 99%
“…Compared with adults, the physical and mental development of middle-school students is not yet complete [8]. Furthermore, middle-school students have the most active enthusiasm for PA in their lives and more free time to participate in various kinds of PA, as they experience less pressure in school courses compared with high-school students, which may increase their exposure to PARI [9]. According to the published research, over a third of (37.9%) children and adolescents sustained PARI, with a higher injury incidence in boys (42.1%) than girls (33.9%) [6].…”
Section: Introductionmentioning
confidence: 99%