We explore intertemporal decision making to test the extent to which elicited
discount rates and a self-reported scale of impatience measure the same behavioral
characteristic. We conduct experiments in which we elicit discount rates using
monetary rewards and a self-reported measure of impatience (the Barratt
Impulsiveness Scale, BIS-11). Although researchers have utilized these measures to
infer aspects of intertemporal preferences, we find no significant correlation between
discount rates and the BIS-11 except in the special case where discount rates were
elicited after individuals were primed with negative feedback