Tag
time_preferences
3 findings
Finance & microfinanceTime Preferences and Flexible Debt UtilizationImpatient clients assigned to a grace period generated Rs 1,193.6 lower monthly profits relative to patient clients (p < 0.10), demonstrating that high baseline discount rates attenuate grace period benefits.RCTLabour & employmentPresent Bias and Non-Anticipated Revision in Search BehaviorUnanticipated present bias significantly moderates policy impacts; naive present-biased individuals who do not anticipate their revision behavior gain a **6.8 percentage point increase in permanent employment** from the application workshop (p < 0.01), whereas non-present-biased individuals exhibit no significant impact.RCTBehaviour & psychologyPresent Bias in Human Capital InvestmentPatient jobseekers exhibited significantly higher baseline human capital investment index scores (+4.95 vs -5.14, p < 0.05) and lower search effort index scores (-4.24 vs +4.58, p < 0.05) than impatient jobseekers. Providing conditional cash transfers (€250/month) did not produce statistically significant increases in human capital investment or employment across either patient or impatient subgroups.RCT