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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

Francisco Galarza ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Yield insurance; covariate risk; idiosyncratic risk; credit; risk aversion; experimental economics; Peru (search for similar items in EconPapers)
JEL-codes: C93 D81 G22 (search for similar items in EconPapers)
Date: 2010, Revised 2010
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Published in Revista Apuntes 66 (2010): pp. 2-31

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Journal Article: Experimentos de campo en economía: preferencias en relación al riesgo y demanda por contratos intertemporales en el Perú (2010) Downloads
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