TY  - RPRT
        AU  - Sutter, Matthias
AU  - Kocher, Martin G.
AU  - Glätzle-Rützler, Daniela
AU  - Trautmann, Stefan T.
        TI  - Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
        PY  - 2010/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5404
        UR  - https://www.iza.org/index.php/publications/dp5404
        AB  - We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health related field behavior and saving decisions. In particular, more impatient children and adolescents are more likely to spend money on alcohol and cigarettes, have a higher body mass index (BMI) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of field behavior.
        KW  - experiments with children and adolescents
KW  - risk
KW  - savings
KW  - external validity
KW  - field behavior
KW  - ambiguity
KW  - time preferences
KW  - health status
        ER  -