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Experimental Choices and Field Behavior: On Impatience, Saving and Smoking

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Title
Experimental Choices and Field Behavior: On Impatience, Saving and Smoking
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License
CC Attribution - NonCommercial - NoDerivatives 2.5 Switzerland:
You are free to use, copy, distribute and transmit the work or content in unchanged form for any legal and non-commercial purpose as long as the work is attributed to the author in the manner specified by the author or licensor.
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Release Date
2012
Language
English

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Abstract
Experimental economics applies controlled conditions to investigate the causal factors that drive economic behavior. Recent work has been focusing on how experimental choices relate to field behavior. We link teenagers? decisions in an intertemporal choice experiment to their savings decisions and health related behavior (such as smoking). We do not only find important correlations, but also a predictive power of experimental choices for field behavior a few years later.
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