Experimentos de campo en economía: preferencias en relación al riesgo y demanda por contratos intertemporales en el Perú

Galarza, Francisco (2010): Experimentos de campo en economía: preferencias en relación al riesgo y demanda por contratos intertemporales en el Perú. Published in: Revista Apuntes No. 66 (2010): pp. 2-31.

Abstract

This 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.

• Item Type: MPRA Paper
• English Title: Field experiments in Economics: Risk preferences and demand for intertemporal contracts in Peru
• Language: Spanish
• Keywords: Yield insurance; covariate risk; idiosyncratic risk; credit; risk aversion; experimental economics; Peru
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance ; Insurance Companies ; Actuarial Studies; C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C93 - Field Experiments

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