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The Impact of Agency on Time and Risk Preferences
[post]
2018
unpublished
Scholars have long argued for the central role of agency in the human experience. In this paper, we demonstrate the importance of agency in shaping people's patience and risk tolerance. We focus on the context of resource scarcity, which has been associated with both impatience and a lack of agency. Using data from a representative sample of over 86,000 individuals worldwide and two experiments, we replicate the decrease in patience among those exposed to scarcity. However, we show that
doi:10.31219/osf.io/smeaz
fatcat:uq55kq4wpfhebecgnhrkj3c5ky