Experimentos de campo en economía: preferencias en relación al riesgo y demanda por contratos intertemporales en el Perú
[Field experiments in Economics: Risk preferences and demand for intertemporal contracts in Peru]
AbstractThis article looks at the determinants of the choice of productive projects involving intertemporal contracts in rural Peru. In a setting where the formal education is limited, the successful launching of new financial instruments may be affected by the lack of proper understanding of their main features, as well as judgment biases. We find that education, a source of judgment bias, and (weakly) risk aversion, affect such a project choice. In contrast, wealth does not appear to play a role in explaining project choice.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 30205.
Date of creation: 2010
Date of revision: 2010
Yield insurance; covariate risk; idiosyncratic risk; credit; risk aversion; experimental economics; Peru;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
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