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Youth and Inexperience: Dynamic Inconsistency Among Emerging Adults

Year: 2014

Type: article

Abstract: Building on research on dynamic inconsistency and age related preferences; this paper introduces the concept that inconsistent intertemporal preferences are directly related to age.The findings from observations of a large sample of college graduates indicate that emerging adults are more likely to exhibit hyperbolic discounting behavior than adults over the age of 30.Among emerging adults respondents, lower incomes and more naïve self-assessments are determinants of hyperbolic discounting behavior.

Source: OhioLink ETD Center (Ohio Library and Information Network)

Authors: Gibbons, Brian, Paxton, Julia

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W620760734

FWCI:

Cites: 16

Cited by: 1

Related to: 10