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We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time-dated risky prospects are constant within CLs and are...
Persistent link: https://www.econbiz.de/10012814571
The Sustainable Development Goals (SDGs) set up by the United Nations include an overarching principle of “leaving no one behind” and aim for, among other goals, equal access to education for children with disabilities. Our study contributes to the knowledge on the school enrolment of...
Persistent link: https://www.econbiz.de/10012814573
The incentivized risky investment game has become a popular tool in lab-in-the-field experiments for its simplicity and ease of comprehension compared to some of the more complex Multiple Choice List approaches that have been more commonly used in laboratory experiments. We use a field...
Persistent link: https://www.econbiz.de/10012814590
In this study, we argue that while community forest management is effective in protecting forest resources as argued by Ostrom, it may fail to provide proper incentives to take care of such resources because of collective sharing of benefits of forest management. This study proposes a mixed...
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While economists in the past tended to assume that individual preferences, including risk preferences, are stable over time, a recent literature has developed that indicates that risk preferences respond to shocks. This paper combines survey data and field experiments with three different tools...
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