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The Cost of Being too Patient, American Economic Review
We study the cost of being too patient on happiness. We find that the relationship between patience and various measures of subjective well-being is hump-shaped: it exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.
Paola Giuliano, Paola Sapienza
Giuliano, Paola, and Paola Sapienza. 2020. The Cost of Being too Patient. American Economic Review. 110: 314-18.
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