Patient For Candy Or Cash? the Robustness of Impatience Across Affect-Rich and Affect-Poor Resources
Extensive prior research concludes that affect-rich goods inspire more impatience. However, the prior findings confound discounting and diminishing marginal utility. Five studies that either measure and correct for or avoid the confound find no differences in present bias, but lower long-run discounting (more patience) for goods than money.
Citation:
Oleg Urminsky and Timothy Kim (2019) ,"Patient For Candy Or Cash? the Robustness of Impatience Across Affect-Rich and Affect-Poor Resources", in NA - Advances in Consumer Research Volume 47, eds. Rajesh Bagchi, Lauren Block, and Leonard Lee, Duluth, MN : Association for Consumer Research, Pages: 309-314.
Authors
Oleg Urminsky, University of Chicago, USA
Timothy Kim, University of Chicago, USA
Volume
NA - Advances in Consumer Research Volume 47 | 2019
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