Work

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

Year: 2022

Type: article

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.

Source: Journal of the Economic Science Association

DOI: 10.1007/s40881-022-00116-0

Authors: Jessica B. Hoel, Prachi Jain, Bridget Galaty

Institutions: Colorado College, Loyola Marymount University, University of Chicago

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: bronze

Funder: Colorado College

OpenAlex ID: W4286492220