Covariates of Private Time Preference: A Pilot Study Among the Tsimane' Indians of the Bolivian Rain Forest |
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| Affiliation: | 1. Department of Forest and Wildlife Ecology, University of Wisconsin-, Madison, 1630 Linden Drive, Madison, WI 53706, USA;2. Friends of Wildlife, No. 14, Thitsar Road, Yankin Township, Yangon, Myanmar;3. Smithsonian Conservation Biology Institute, Conservation Ecology Center, 1500 Remount Road, Front Royal, VA 22630, USA |
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| Abstract: | A pilot study with 257 adult (16+ years) Tsimane' Indians, a group of horticulturalists and foragers, in the Bolivian rain forest was done to test hypotheses about the socioeconomic and demographic covariates of time preference. Subjects were asked to make a choice between receiving one candy now or two candies at the end of an interview that lasted 1.5 to 2 h. Results of a multivariate probit regression suggest that education was associated with greater desire for immediate gratification and illness was associated with greater likelihood of willingness to wait. Age, sex, nutritional status, income, and wealth played a weak role in willingness to delay gratification. |
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