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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]

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  • Galarza, Francisco

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.

Suggested Citation

  • Galarza, Francisco, 2010. "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 intertempor," MPRA Paper 30205, University Library of Munich, Germany, revised 2010.
    • Handle: RePEc:pra:mprapa:30205
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    References listed on IDEAS

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    Cited by:

    1. Knobel, Alexander & Chokaev, Bekhan, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," EconStor Preprints 121853, ZBW - Leibniz Information Centre for Economics.

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    More about this item

    Keywords

    Yield insurance; covariate risk; idiosyncratic risk; credit; risk aversion; experimental economics; Peru;
    All these keywords.

    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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