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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/31570

Title: Time discounting (d) and pain anticipation: experimental evidence
Authors: Brañas-Garza, Pablo
Espinosa, María Paz
Repollés, María
Issue Date: 2010
Abstract: This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower 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, take into account mainly the negative effects of medical procedures (just the costs) whereas more patient individuals have a net positive valuation of medical events (given that they value both the cost incurred now and all the benefits accrued in the future).
Sponsorship: Financial support from the Spanish Ministry of Science and Innovation (SEJ2007-62081 and ECO2009-09120), the Government of Andalusia Project for Excellence in Research (P07.SEJ.02547), Gobierno Vasco-DEUI (IT-313-07) and the Women’s Institute of Spain (2008.031). (2008.031).
Publisher: Universidad de Granada. Departamento de Teoría e Historia Económica
Series/Report no.: The Papers;10/13
Keywords: Pain anticipation
Impatience
Health
Discount
URI: http://hdl.handle.net/10481/31570
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: Brañas-Garza, P.; Espinosa, M.P.; Repolles, M. Time discounting (d) and pain anticipation: experimental evidence. Universidad de Granada. Departamento de Teoría e Historia Económica (2010). (The Papers; 10/13). [http://hdl.handle.net/10481/31570]
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