On the stability of risk and time preferences amid the COVID-19 pandemic

We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of...

Full description

Saved in:
Bibliographic Details
Published in:Experimental economics : a journal of the Economic Science Association 2022-06, Vol.25 (3), p.759-794
Main Authors: Drichoutis, Andreas C., Nayga, Rodolfo M.
Format: Article
Language:English
Subjects:
Behavioral/Experimental Economics
Coronaviruses
COVID-19
Curfews
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Game Theory
Global economy
Microeconomics
Operations Research/Decision Theory
Original Paper
Pandemics
Public health
Relaxation
Social and Behav. Sciences
Undergraduate students
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3
cites cdi_FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3
container_end_page 794
container_issue 3
container_start_page 759
container_title Experimental economics : a journal of the Economic Science Association
container_volume 25
creator Drichoutis, Andreas C.
Nayga, Rodolfo M.
description We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of cases and deaths, curfew, relaxation of curfew etc.) and estimated structural parameters for various theories of risk and time preferences comparing these with pre-pandemic estimates. We find no effect between the different waves or other key events of the pandemic, despite the fact that we have about 1000 responses across all waves. Overall, our subjects exhibit intertemporal stability of risk and time preferences despite the significant effect of the COVID-19 pandemic on public health and the global economy.
doi_str_mv 10.1007/s10683-021-09727-6
format article
fullrecord <record><control><sourceid>proquest_pubme</sourceid><recordid>TN_cdi_pubmedcentral_primary_oai_pubmedcentral_nih_gov_8360830</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2562516758</sourcerecordid><originalsourceid>FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3</originalsourceid><addsrcrecordid>eNp9kUlPQyEUhYnROFT_gAtD4sYNygxvY2LqUBOTbtQtoTxei76hwquJ_160tQ4LVxDud8-5lwPAIcGnBGN1lgiWmiFMCcKFogrJDbBLhGJIFkxv5jvTEvH8sgP2UnrCmBAh-TbYYZxjXiixC0bjFvYzD1NvJ6EO_RvsKhhDeoa2LWEfGg_n0Vc--tb5BG0Tyk9-OH68vUSkgPPM-Sa4fbBV2Tr5g9U5AA_XV_fDEbob39wOL-6Qy9Y94oXGZVFZXxWCc1txQbgjoqTSToiWwiqqtePcUSmIrJRliolSMYslJlJUbADOl7rzxaTxpfNtH21t5jE0Nr6Zzgbzu9KGmZl2r0YziTXDWeBkJRC7l4VPvWlCcr6ubeu7RTJUSJqtldAZPf6DPnWL2Ob1DJVSFYIyJTJFl5SLXUr5s9bDEGw-gjLLoEwOynwGZWRuOvq5xrrlK5kMsCWQcqmd-vjt_Y_sO9_vnCI</addsrcrecordid><sourcetype>Open Access Repository</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2667952375</pqid></control><display><type>article</type><title>On the stability of risk and time preferences amid the COVID-19 pandemic</title><source>EconLit s plnými texty</source><source>International Bibliography of the Social Sciences (IBSS)</source><source>ABI/INFORM global</source><source>Springer Nature</source><creator>Drichoutis, Andreas C. ; Nayga, Rodolfo M.</creator><creatorcontrib>Drichoutis, Andreas C. ; Nayga, Rodolfo M.</creatorcontrib><description>We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of cases and deaths, curfew, relaxation of curfew etc.) and estimated structural parameters for various theories of risk and time preferences comparing these with pre-pandemic estimates. We find no effect between the different waves or other key events of the pandemic, despite the fact that we have about 1000 responses across all waves. Overall, our subjects exhibit intertemporal stability of risk and time preferences despite the significant effect of the COVID-19 pandemic on public health and the global economy.</description><identifier>ISSN: 1386-4157</identifier><identifier>EISSN: 1573-6938</identifier><identifier>DOI: 10.1007/s10683-021-09727-6</identifier><identifier>PMID: 34404975</identifier><language>eng</language><publisher>New York: Springer US</publisher><subject>Behavioral/Experimental Economics ; Coronaviruses ; COVID-19 ; Curfews ; Economic theory ; Economic Theory/Quantitative Economics/Mathematical Methods ; Economics ; Economics and Finance ; Game Theory ; Global economy ; Microeconomics ; Operations Research/Decision Theory ; Original Paper ; Pandemics ; Public health ; Relaxation ; Social and Behav. Sciences ; Undergraduate students</subject><ispartof>Experimental economics : a journal of the Economic Science Association, 2022-06, Vol.25 (3), p.759-794</ispartof><rights>Economic Science Association 2021</rights><rights>Economic Science Association 2021.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3</citedby><cites>FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3</cites><orcidid>0000-0002-4082-4560</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.proquest.com/docview/2667952375/fulltextPDF?pq-origsite=primo$$EPDF$$P50$$Gproquest$$H</linktopdf><linktohtml>$$Uhttps://www.proquest.com/docview/2667952375?pq-origsite=primo$$EHTML$$P50$$Gproquest$$H</linktohtml><link.rule.ids>230,314,780,784,885,11688,12847,27924,27925,33223,36060,36061,44363,74895</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/34404975$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Drichoutis, Andreas C.</creatorcontrib><creatorcontrib>Nayga, Rodolfo M.</creatorcontrib><title>On the stability of risk and time preferences amid the COVID-19 pandemic</title><title>Experimental economics : a journal of the Economic Science Association</title><addtitle>Exp Econ</addtitle><addtitle>Exp Econ</addtitle><description>We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of cases and deaths, curfew, relaxation of curfew etc.) and estimated structural parameters for various theories of risk and time preferences comparing these with pre-pandemic estimates. We find no effect between the different waves or other key events of the pandemic, despite the fact that we have about 1000 responses across all waves. Overall, our subjects exhibit intertemporal stability of risk and time preferences despite the significant effect of the COVID-19 pandemic on public health and the global economy.</description><subject>Behavioral/Experimental Economics</subject><subject>Coronaviruses</subject><subject>COVID-19</subject><subject>Curfews</subject><subject>Economic theory</subject><subject>Economic Theory/Quantitative Economics/Mathematical Methods</subject><subject>Economics</subject><subject>Economics and Finance</subject><subject>Game Theory</subject><subject>Global economy</subject><subject>Microeconomics</subject><subject>Operations Research/Decision Theory</subject><subject>Original Paper</subject><subject>Pandemics</subject><subject>Public health</subject><subject>Relaxation</subject><subject>Social and Behav. Sciences</subject><subject>Undergraduate students</subject><issn>1386-4157</issn><issn>1573-6938</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><sourceid>M0C</sourceid><recordid>eNp9kUlPQyEUhYnROFT_gAtD4sYNygxvY2LqUBOTbtQtoTxei76hwquJ_160tQ4LVxDud8-5lwPAIcGnBGN1lgiWmiFMCcKFogrJDbBLhGJIFkxv5jvTEvH8sgP2UnrCmBAh-TbYYZxjXiixC0bjFvYzD1NvJ6EO_RvsKhhDeoa2LWEfGg_n0Vc--tb5BG0Tyk9-OH68vUSkgPPM-Sa4fbBV2Tr5g9U5AA_XV_fDEbob39wOL-6Qy9Y94oXGZVFZXxWCc1txQbgjoqTSToiWwiqqtePcUSmIrJRliolSMYslJlJUbADOl7rzxaTxpfNtH21t5jE0Nr6Zzgbzu9KGmZl2r0YziTXDWeBkJRC7l4VPvWlCcr6ubeu7RTJUSJqtldAZPf6DPnWL2Ob1DJVSFYIyJTJFl5SLXUr5s9bDEGw-gjLLoEwOynwGZWRuOvq5xrrlK5kMsCWQcqmd-vjt_Y_sO9_vnCI</recordid><startdate>20220601</startdate><enddate>20220601</enddate><creator>Drichoutis, Andreas C.</creator><creator>Nayga, Rodolfo M.</creator><general>Springer US</general><general>Springer Nature B.V</general><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PYYUZ</scope><scope>Q9U</scope><scope>7X8</scope><scope>5PM</scope><orcidid>https://orcid.org/0000-0002-4082-4560</orcidid></search><sort><creationdate>20220601</creationdate><title>On the stability of risk and time preferences amid the COVID-19 pandemic</title><author>Drichoutis, Andreas C. ; Nayga, Rodolfo M.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Behavioral/Experimental Economics</topic><topic>Coronaviruses</topic><topic>COVID-19</topic><topic>Curfews</topic><topic>Economic theory</topic><topic>Economic Theory/Quantitative Economics/Mathematical Methods</topic><topic>Economics</topic><topic>Economics and Finance</topic><topic>Game Theory</topic><topic>Global economy</topic><topic>Microeconomics</topic><topic>Operations Research/Decision Theory</topic><topic>Original Paper</topic><topic>Pandemics</topic><topic>Public health</topic><topic>Relaxation</topic><topic>Social and Behav. Sciences</topic><topic>Undergraduate students</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Drichoutis, Andreas C.</creatorcontrib><creatorcontrib>Nayga, Rodolfo M.</creatorcontrib><collection>PubMed</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>AUTh Library subscriptions: ProQuest Central</collection><collection>ProQuest Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM global</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><collection>MEDLINE - Academic</collection><collection>PubMed Central (Full Participant titles)</collection><jtitle>Experimental economics : a journal of the Economic Science Association</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Drichoutis, Andreas C.</au><au>Nayga, Rodolfo M.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>On the stability of risk and time preferences amid the COVID-19 pandemic</atitle><jtitle>Experimental economics : a journal of the Economic Science Association</jtitle><stitle>Exp Econ</stitle><addtitle>Exp Econ</addtitle><date>2022-06-01</date><risdate>2022</risdate><volume>25</volume><issue>3</issue><spage>759</spage><epage>794</epage><pages>759-794</pages><issn>1386-4157</issn><eissn>1573-6938</eissn><abstract>We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of cases and deaths, curfew, relaxation of curfew etc.) and estimated structural parameters for various theories of risk and time preferences comparing these with pre-pandemic estimates. We find no effect between the different waves or other key events of the pandemic, despite the fact that we have about 1000 responses across all waves. Overall, our subjects exhibit intertemporal stability of risk and time preferences despite the significant effect of the COVID-19 pandemic on public health and the global economy.</abstract><cop>New York</cop><pub>Springer US</pub><pmid>34404975</pmid><doi>10.1007/s10683-021-09727-6</doi><tpages>36</tpages><orcidid>https://orcid.org/0000-0002-4082-4560</orcidid><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 1386-4157
ispartof Experimental economics : a journal of the Economic Science Association, 2022-06, Vol.25 (3), p.759-794
issn 1386-4157
1573-6938
language eng
recordid cdi_pubmedcentral_primary_oai_pubmedcentral_nih_gov_8360830
source EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); ABI/INFORM global; Springer Nature
subjects Behavioral/Experimental Economics
Coronaviruses
COVID-19
Curfews
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Game Theory
Global economy
Microeconomics
Operations Research/Decision Theory
Original Paper
Pandemics
Public health
Relaxation
Social and Behav. Sciences
Undergraduate students
title On the stability of risk and time preferences amid the COVID-19 pandemic
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-29T10%3A46%3A31IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_pubme&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=On%20the%20stability%20of%20risk%20and%20time%20preferences%20amid%20the%20COVID-19%20pandemic&rft.jtitle=Experimental%20economics%20:%20a%20journal%20of%20the%20Economic%20Science%20Association&rft.au=Drichoutis,%20Andreas%20C.&rft.date=2022-06-01&rft.volume=25&rft.issue=3&rft.spage=759&rft.epage=794&rft.pages=759-794&rft.issn=1386-4157&rft.eissn=1573-6938&rft_id=info:doi/10.1007/s10683-021-09727-6&rft_dat=%3Cproquest_pubme%3E2562516758%3C/proquest_pubme%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c564t-4980d9faef9544af4514c15d26ab1865a7288c44c26516f7a3735d73a060165f3%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2667952375&rft_id=info:pmid/34404975&rfr_iscdi=true