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Lydia Ashton - Feb. 20, 2015

FACULTY - please click HERE to schedule a meeting with Lydia on Feb. 20th

"Hunger Games: Does Hunger Affect Time Preferences?"
Room 1199 Nancy Nicholas Hall (WI Idea Room)

Working Abstract:

Using a novel laboratory experiment I find that hunger increases monetary impatience. This effect is larger when monetary rewards are immediate, which shows that present bias is a visceral response and can help explain why the poor tend to make more shortsighted economic decisions. Given possible confounds between physical and mental resource depletion, I also manipulated cognitive fatigue. I find that cognitive fatigue also increases monetary impatience; nevertheless this effect seems to be driven by a decrease in attention and an increase in heuristic-based choices. This suggests that hunger and cognitive fatigue affect time preferences through different mechanisms.

Feb 16, 2015, 11:07 PM