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Ehmke, Mariah D.; Lusk, Jayson L.; Tyner, Wallace E.. |
Previous work in experimental economics reveals specific differences in economic behavior, especially reciprocity and free-riding behavior, across cultures. We expand the possible pallet of cross-cultural behavioral differences that may exist. We hypothesize that different kinds of strategic interaction and individual decision-making behaviors differ across locations. The variety of experiments we use allow us to report multidimensional rather than just single dimensional differences in behavior across locations. In order to build a broad Homo Economicus we conducted economic experiments in four dissimilar locations: Hangzhou, China; Niamey, Niger; Grenoble, France; Manhattan, Kansas; and West Lafayette, Indiana. Each subject completed an ultimatum... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Time preference; Risk preference; Voluntary contribution mechanism; Ultimatum bargaining game; Cultural; China; France; Niger; Kansas; Indiana; US; Institutional and Behavioral Economics. |
Ano: 2005 |
URL: http://purl.umn.edu/19225 |
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Balgah, Roland Azibo; Buchenrieder, Gertrud. |
Irving Fisher's theory on time preference in the 1930s arguably influenced the analysis of agents' current behavior with respect to future outcomes. By suggesting linear discount rates implying rational and self-interested motives of agents, Fisher substantiated neoclassical economic thinking. However, Fisher's notion of time preference, the choice between present and future enjoyment that actually integrates a psychological discounting component has not received similar attention in the scholarly literature. This paper aims at closing this gap. It empirically examines agent behavior under uncertain conditions culminating from natural shocks, and differentiates the psychic from the physical component. To empirically test Fisher's notion of time preference,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risks; Uncertainty; Agent behavior; Fisher; Time preference; Cameroon; Risk and Uncertainty. |
Ano: 2011 |
URL: http://purl.umn.edu/114214 |
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Yi, Dale. |
Data from a national telephone survey of working-aged adults in the continental US is combined with US Census 2000 data to explore the determinants of attachment to place and time preferences for jobs, natural amenities, and financial assets. Five regions in the US were delineated so that regional differences in the determinants of the dependent variables of interest could be parsed out. The regions are the Great Plains, Borderlands, Appalachia, the Plantation Belt, and the rest of the continental US. The first essay that explores time preferences for jobs, natural amenities, and money. Each was embedded with a ten percent rate of return. In aggregate, the nation as a whole demonstrated that the discount rate for jobs, natural amenities, and financial... |
Tipo: Thesis or Dissertation |
Palavras-chave: Great Plains; Migration; Time preference; Survey; Community attachment; Social capital; Natural amenity; Economic development; Community; Census; Zip code; Policy; Native American; Community/Rural/Urban Development; Resource /Energy Economics and Policy; R11; R23; R53; R58; Q51; Q52; O13; O15. |
Ano: 2009 |
URL: http://purl.umn.edu/56009 |
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