Table 4 Stimuli and results from Experiment 4. Percentages indicate the percent of participants under 62 years of age choosing each retirement age.
From: The cancellation heuristic in intertemporal choice shifts people’s time preferences
Age | Baseline | Cancellation | |||
|---|---|---|---|---|---|
Social security benefit | % Choosing option | Social security benefit | Retirement supplement | % Choosing option | |
62 | $9400 | 16 | $9400 | $0 | 6 |
63 | $10,000 | 5 | $9400 | $600 | 6 |
64 | $10,700 | 4 | $9400 | $1300 | 4 |
65 | $11,600 | 16 | $9400 | $2200 | 14 |
66 | $12,500 | 19 | $9400 | $3100 | 11 |
67 | $13,400 | 12 | $9400 | $4000 | 18 |
68 | $14,400 | 7 | $9400 | $5000 | 7 |
69 | $15,500 | 1 | $9400 | $6100 | 2 |
70 | $16,600 | 20 | $9400 | $7100 | 32 |
