How Politics Affects Time Preferences: The Case of Eastern Europe

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Chapter 4 in Cultural Finance:A World Map of Risk, Time and Money, 2020, pp 83-86 from World Scientific Publishing Co. Pte. Ltd.

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?…

Keywords: Finance; Culture; International; Time Preferences; Risk Preferences; Decision Theory (search for similar items in EconPapers)
JEL-codes: D9 E7 G4 Z1 (search for similar items in EconPapers)
Date: 2020
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