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Registros recuperados: 7
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A Multidimensional Homo Economicus: Cultural Dimensions of Economic Preferences in Four Countries AgEcon
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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Agent Behavior under Risky and Uncertain Conditions. An Empirical Verification of Irving Fisher’s Notion of Time Preference AgEcon
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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Essays on Regional Differences in Time Preferences and Attachment to Place AgEcon
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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FOOD DECISION, INFORMATION AND PERSONALITY AgEcon
Loheac, Youenn; Combris, Pierre; Issancou, Sylvie.
This study introduce measures of personality traits in an experiment which associate willingness to pay for food and sensory analysis tools in order to explore potential links between personality and food decisions. Measure of personality traits comes from experimental economics (risk aversion and time preference) and from psychology (sensation seeking and impulsivity). We introduce them in the analysis of behaviours of participants in their food decisions (purchase intent, willingness to pay, reaction to new information), and underline some significant links.
Tipo: Conference Paper or Presentation Palavras-chave: Food decision; Information; Experimental methods; Risk aversion; Time preference; Personality traits; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; C91; D12.
Ano: 2010 URL: http://purl.umn.edu/116434
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Impact of Risk and Time Preferences on Responses to Forest Tenure Land Reform: Empirical Evidence from Fujian, China AgEcon
Sullivan, Karen A.; Uchida, Emi; Xu, Jintao.
This research examines the effect of risk and time preferences on forest management responses to forest tenure land reforms in Fujian, China that began in 2002. The different extent of the reform and its different timing across regions provide a natural experiment to test how time and risk preferences affect a households’ forest investment response to the reform. Empirically, we combine original field experiment data on time and risk preferences collected among 103 households with an original panel survey data set collected among the same 103 households, which contains data for three years: 2000 (before the reform), 2005 and 2008 (after the reform) in a difference-in-differences framework. We examine three measures of forest management activity, including:...
Tipo: Conference Paper or Presentation Palavras-chave: Tenure reform; Property rights; Risk preference; Time preference; Poverty; China; Institutional and Behavioral Economics; International Development; International Relations/Trade; Labor and Human Capital; Land Economics/Use; Risk and Uncertainty; Q2; D8; D9; D13; J22; Q15.
Ano: 2010 URL: http://purl.umn.edu/61536
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Sustainability, limited substitutability and non-constant social discount rates AgEcon
Traeger, Christian P..
The paper explores the consequences of limited substitutability in welfare between environmental and produced goods for long-term evaluation. I show how the magnitude and time development of optimal social discount rates depend on the substitutability between the different classes of goods. The notions of weak and strong sustainability are translated into the degree of substitutability. I show that a strong notion of sustainability results in lower weights given to long-run service and consumption streams compared to a weak notion of sustainability.
Tipo: Working or Discussion Paper Palavras-chave: Environmental discount rate; Weak sustainability; Hyperbolic; Limited substitutability; Nonconstant discounting; Numeraire dependence; Project evaluation; Propagator of marginal utility; Social discount factor; Social discount rate; Strong sustainability; Time preference; Consumer/Household Economics; Environmental Economics and Policy; D 61; Q 51; Q 20; Q 01; H 43; D 90.
Ano: 2007 URL: http://purl.umn.edu/6099
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Zeitpräferenz und Zeitkonsistenz: Zur Rationalität sequenzieller Entscheidungen AgEcon
Weikard, Hans-Peter.
The paper discusses the problem of discounting, time preference, and time consistent decision making. While a constant pure rate of time preference leads to consistent consumption plans, other discounting schemes – like hyperbolic discounting – do not. Using a so-called money pump argument, time inconsistencies can be shown to be irrational. The paper also explores the use of a hedonic utility concept to explain sequential choice behaviour.
Tipo: Journal Article Palavras-chave: Decision theory; Discounting; Time preference; Time consistency; Institutional and Behavioral Economics.
Ano: 2001 URL: http://purl.umn.edu/99006
Registros recuperados: 7
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