The Cost of Being Too Patient
19 Pages Posted: 28 Jan 2020
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.
Keywords: patience, happiness
JEL Classification: A10, D9, Z1
Suggested Citation: Suggested Citation