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1998-06-25Buch DOI: 10.18452/3747
A psychological approach to individual differences in intertemporal consumption patterns
dc.contributor.authorBrandstätter, Hermann
dc.contributor.authorGüth, Werner
dc.date.accessioned2017-06-15T21:59:44Z
dc.date.available2017-06-15T21:59:44Z
dc.date.created2006-02-02
dc.date.issued1998-06-25
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4399
dc.description.abstractWhen people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and Johannes-Kepler-University, Linz), aims at simulating a sequence of at least three, at most six saving vs. consumption decisions, depending on a stochastic manipulation of changes in life expectancy. In this report we focus on how personality characteristics influence the amount of consumption in single periods of life depending on life expectancy changes which may render previous consumption rates as too low or too high. According to Gray (1987) it was predicted and found that unstable introverts respond most, and stable extroverts least to this kind of ‘punishment’. In addition, some exploratory findings involving the personality dimensions conscientiousness and tough-mindedness are reported.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectexperimental economicseng
dc.subjectpersonalityeng
dc.subjectintertemporal consumption and savingeng
dc.subjectindividual differenceseng
dc.subject.ddc330 Wirtschaft
dc.titleA psychological approach to individual differences in intertemporal consumption patterns
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10057109
dc.identifier.doihttp://dx.doi.org/10.18452/3747
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages20
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume1998
local.edoc.container-issue57
local.edoc.container-year1998
local.edoc.container-erstkatid2135319-0

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