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Validating an Ultra-Short Survey Measure of Patience

SOEPpapers 499, 8 S.

Thomas Vischer, Thomas Dohmen, Armin Falk, David Huffman, Jürgen Schupp, Uwe Sunde, Gert G. Wagner


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Published in: Economics Letters 120 (2013) Iss.2, 142-145


This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.

Jürgen Schupp

Senior Research Fellow in the German Socio-Economic Panel study Department

JEL-Classification: D1;D3;D91;C91
Keywords: Time preferences, discounting, validation of survey measures
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