Divine Restraint: An Experimental Analysis of Religious Preference and Intertemporal Discounting

Abstract

The paper applies an online experimental approach to test the influence of religious salience on intertemporal discount rates. The propensity to delay gratification, measured by the discount rate, is associated with a variety of positive outcomes including: higher rates of education and savings, as well as lower rates of poverty or addiction. There is a significant literature which supports a linkage between religion and self-regulation. Using a large sample, we are able to test the impact of religious primes across a variety of religious traditions as well as the non-religious. Contrary to previous studies, we do not find any significant impact of religious salience on observed discount rates. Furthermore, we find no significant difference in the impact of religious salience across religious groups.