A Note on Time Discounting and Sobriety: Evidence of the Endogenous Determination of Discount Rates.

Autor: Klochko, Marianna A.
Předmět:
Zdroj: Conference Papers - American Sociological Association; 2007 Annual Meeting, p1, 16p
Abstrakt: This paper reports the results of a simple questionnaire given to 141 active members of Cocaine Anonymous at over a half-dozen distinct meeting groups for the purpose of gauging differences in individual time discounts. Starting with the idea that addicts are notably -impatient' with respect to rewards, we offer evidence in support of the argument that, among the impacts of a 12-step recovery program such as CA on individual motives, discounts vary endogenously across (and by implication, within) recovering addicts as a function of the duration of their sobriety. Although our analysis is also consistent with the hypothesis that addicts with longer time horizons are more likely to remain in a drug rehabilitation program, our data is also consistent with the hypothesis that regular participation impacts -impatience' and has its greatest effect with regular (at least once weekly) attendance over a period of five or more years. This study, then, can be viewed as a call for additional research in which the effects of self-selection and endogenous time preference change are sorted out. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
Databáze: Supplemental Index