Time discounting and pain anticipation: experimental evidence

Branas-Garza, Pablo and Espinosa, María Paz and Repollés, María (2012) Time discounting and pain anticipation: experimental evidence. Revista Internacional de Sociología (RIS), 70 (Extra1). pp. 73-81. ISSN 0034-9712

[img]
Preview
PDF
Download (360kB) | Preview
This item is available in: Library Catalogue

Abstract

This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower time discount factors are more prone to suffer pain in advance. We provide a framework to rationalize the connection between pain anticipation and impatience. In this set up, more impatient subjects, who only value very near events, mainly take into account the present negative effects of medical procedures (the costs), whereas more patient individuals have a net positive valuation of medical events,given that they are able to value both the cost incurred now and all the benefits to be accrued in the future.

Item Type: Article
Additional Information: Special Issue on Behavioral and Experimental Economics
Keywords (uncontrolled): Economic experiments; impatience; pain anticipation; time discount
Research Areas: A. > Business School > Economics
Item ID: 10511
Useful Links:
Depositing User: Pablo Branas Garza
Date Deposited: 15 Apr 2013 07:26
Last Modified: 19 Apr 2017 09:45
URI: http://eprints.mdx.ac.uk/id/eprint/10511

Actions (login required)

Edit Item Edit Item

Full text downloads (NB count will be zero if no full text documents are attached to the record)

Downloads per month over the past year