SciELO - Scientific Electronic Library Online

 
vol.40 issue83Economic disparities and the role of the road system. Evidence for Antioquia, ColombiaMacroeconomic fundamentals of the exchange rate. Evidence of cointegration author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Cuadernos de Economía

Print version ISSN 0121-4772On-line version ISSN 2248-4337

Abstract

CASTILLO, José Gabriel  and  ZHANGALLIMBAY, Donald. Individual preferences and their determinants: An assessment over risk and time preferences. Cuad. Econ. [online]. 2021, vol.40, n.83, pp.515-556.  Epub Oct 06, 2021. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v40n83.82098.

Risk and time are transversal elements in the economic analysis, over which specific predefined assumptions are determined. On the contrary, extensive experimental evidence shows that these preferences are not exogenous, and their heterogeneity deserves to be determined in the modelling of behaviour. This paper presents evidence regarding the determinants of individual preferences in both domains: risk and time, in a context of developing countries. The analysis involves experimental mechanisms to elicit preferences with psychological constructs and self-reported measures.

JEL: C01, C13, C34, C91.

Keywords : discount rate; individual preferences; elicitation of preferences; risk aversion.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )