Waiting to Choose: The Role of Deliberation in Intertemporal Choice

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2022
Volume: 14
Issue: 3
Pages: 414-40

Authors (3)

Alex Imas (not in RePEc) Michael A. Kuhn (University of Oregon) Vera Mironova (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the impact of deliberation on intertemporal choices. Using multiple experiments, including a field study in the Democratic Republic of the Congo, we show that the introduction of waiting periods—a policy that temporally separates information about choices from choices themselves—causes substantially less myopic decisions. These results cannot be captured by models of exponential discounting nor present bias. Comparing the effects of waiting periods to making planned choices over future time periods, the former has a larger impact on reducing myopia. Our results highlight the role of deliberation in decision-making and have implications for policy and intervention design.

Technical Details

RePEc Handle
repec:aea:aejmic:v:14:y:2022:i:3:p:414-40
Journal Field
General
Author Count
3
Added to Database
2026-01-25