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How Politics Affects Time Preferences: The Case of Eastern Europe

In: Cultural Finance A World Map of Risk, Time and Money

Author

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  • Thorsten Hens
  • Marc Oliver Rieger
  • Mei Wang

Abstract

Two decades after the dissolution of the Soviet Union and the German reunification, do we still see the long-lasting effects of communist influence? If so, how can we make sure that this difference is really caused by communism and not, say, a long-lasting cultural difference that predates communism, or is instead the result of the chaotic events following the end of communism?…

Suggested Citation

  • Thorsten Hens & Marc Oliver Rieger & Mei Wang, 2020. "How Politics Affects Time Preferences: The Case of Eastern Europe," World Scientific Book Chapters, in: Cultural Finance A World Map of Risk, Time and Money, chapter 4, pages 83-86, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811221958_0004
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    More about this item

    Keywords

    Finance; Culture; International; Time Preferences; Risk Preferences; Decision Theory;
    All these keywords.

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • G4 - Financial Economics - - Behavioral Finance
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics

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