Just Venmo me: Does form of payment affect risk taking and intertemporal choice?
Principal Investigator(s): View help for Principal Investigator(s) Jessica Hoel, Colorado College; Prachi Jain, Loyola Marymount University; Bridget Gallaty, University of Chicago
Version: View help for Version V1
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Project Citation:
Hoel, Jessica, Jain, Prachi, and Gallaty, Bridget. Just Venmo me: Does form of payment affect risk taking and intertemporal choice? Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-05-23. https://doi.org/10.3886/E171061V1
Project Description
Summary:
View help for Summary
We use an experiment to examine whether form of payment (cash or mobile money) affects estimates of intertemporal choice and risk taking. We find that form of payment does not affect temporal discounting and risk taking. Given that participants prefer payment via mobile money, the results suggest that there are minimal concerns with using mobile money to pay participants in experimental studies.
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