Is Time Inconsistency Primarily a Male Problem?

10 Pages Posted: 26 Jul 2007 Last revised: 13 May 2014

Jeffrey Prince

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Daniel L. Shawhan

Rensselaer Polytechnic Institute; Cornell University

Date Written: January 29, 2010

Abstract

We conduct a simple experiment, using real money, that tests whether men and women differ in time consistency. The experiment provides strong evidence of time inconsistency among males, but no evidence of such behavior among females. Furthermore, the difference between males and females is statistically significant. This result could have important implications in marketing and in efforts to improve intertemporal decision-making.

Keywords: Time consistency, Inter-temporal discounting, Gender

JEL Classification: D12, D14, D91, J16

Suggested Citation

Prince, Jeffrey and Shawhan, Daniel L., Is Time Inconsistency Primarily a Male Problem? (January 29, 2010). Available at SSRN: https://ssrn.com/abstract=1003150 or http://dx.doi.org/10.2139/ssrn.1003150

Jeffrey Prince (Contact Author)

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy ( email )

Bloomington, IN 47405
United States

Daniel L. Shawhan

Rensselaer Polytechnic Institute ( email )

Sage Lab room 3402
110 8th St
Troy, NY 12180
United States

Cornell University ( email )

Department of Applied Economics and Management
Warren Hall
Ithaca, NY 14853
United States

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