The impact of agency on time and risk preferences

Scholars have long argued for the central role of agency—the size of one’s opportunity set—in the human experience, but there has been little work on how a sense of agency affects behavior. We demonstrate that increasing agency leads to greater patience and risk tolerance, even if these new opportun...

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Bibliographic Details
Main Authors: Ayelet Gneezy, Alex Imas, Ania Jaroszewicz
Format: Article
Language:English
Published: Nature Publishing Group 2020-05-01
Series:Nature Communications
Online Access:https://doi.org/10.1038/s41467-020-16440-0