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Time Pressure Preferences

Buser, Thomas ; Zhong, Yang and van Veldhuizen, Roel LU orcid (2022) In Working Papers
Abstract
Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus completing it without time pressure. We make three main contributions. First, we document that participants are averse to working under time pressure on average. Second, we show that there is substantial heterogeneity in the degree of time pressure aversion across individuals and that these individual preferences can be partially captured by simple survey questions. Third, we include... (More)
Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus completing it without time pressure. We make three main contributions. First, we document that participants are averse to working under time pressure on average. Second, we show that there is substantial heterogeneity in the degree of time pressure aversion across individuals and that these individual preferences can be partially captured by simple survey questions. Third, we include these questions in a survey of bachelor students and show that time pressure preferences correlate with future career plans. Our results indicate that individual differences in time pressure aversion could be an influential factor in determining labor market outcomes. (Less)
Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Working paper/Preprint
publication status
published
subject
keywords
Time Pressure, experimental aesthetics, Gender, C90, D91, J22
in
Working Papers
issue
2022:17
pages
60 pages
language
English
LU publication?
yes
id
d905fa21-5244-4599-8fa9-d1037bec9db1
date added to LUP
2022-10-04 11:40:02
date last changed
2024-03-11 12:18:57
@misc{d905fa21-5244-4599-8fa9-d1037bec9db1,
  abstract     = {{Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus completing it without time pressure. We make three main contributions. First, we document that participants are averse to working under time pressure on average. Second, we show that there is substantial heterogeneity in the degree of time pressure aversion across individuals and that these individual preferences can be partially captured by simple survey questions. Third, we include these questions in a survey of bachelor students and show that time pressure preferences correlate with future career plans. Our results indicate that individual differences in time pressure aversion could be an influential factor in determining labor market outcomes.}},
  author       = {{Buser, Thomas and Zhong, Yang and van Veldhuizen, Roel}},
  keywords     = {{Time Pressure; experimental aesthetics; Gender; C90; D91; J22}},
  language     = {{eng}},
  note         = {{Working Paper}},
  number       = {{2022:17}},
  series       = {{Working Papers}},
  title        = {{Time Pressure Preferences}},
  url          = {{https://lup.lub.lu.se/search/files/173627706/WP22_17.pdf}},
  year         = {{2022}},
}