The Impact of Financial Education on Adolescents’ Intertemporal Choices
通过随机实验发现，接受金融教育的高中生在跨期选择中更倾向于时间一致、集中支付，且更符合需求定律，表明金融教育提升了决策质量。
We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high school students, and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are more likely to allocate payments to a single payment date, as opposed to spreading payment across two dates; and display increased consistency of choice with the law of demand. These findings suggest that financial education increases the quality of intertemporal decision-making and decreases narrow bracketing.