Scandinavian Working Papers in Economics

Working Paper Series,
Stockholm University, Swedish Institute for Social Research

No 5/2010: A Rib Less Makes you Consistent but Impatient: A Gender Comparison of Expert Chess Players

Patrik Gränsmark ()
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Patrik Gränsmark: Swedish Institute for Social Research, Stockholm University, Postal: SE-106 91 Stockholm, Sweden

Abstract: This paper presents empirical findings on gender differences in time preference and time inconsistency which are based on international chess data from 1.5 million expert games. Controls are included for age, nationality and playing strength where the latter accounts for gender differences in productivity. Impatience is measured by considering preferences for different game durations. Inconsistency is measured by exploiting the 40th move time control, where over-consumption of thinking time is inefficient. The results reveal that men are more impatient while women are more time inconsistent. Moreover, the difference in impatience increases with expertise while the difference in inconsistency decreases.

Keywords: Time preference; time inconsistency; impatience; gender

JEL-codes: D03; D91; J16

44 pages, May 25, 2010

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