Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia
En este artículo presento evidencia exploratoria para el caso de Colombia sobre la relación entre ciertas variables socioeconómicas e indicadores de preferencias individuales. Aplicamos una encuesta de hogares y tomamos medidas de preferencia temporal y aversión al riesgo a una muestra de habitantes de Barranca de Upía (Meta). Encuentro que i. La edad está asociada con la preferencia temporal revelada, pero no a la aversión al riesgo revelada; ii. Las mujeres son más aversas al riesgo, y iii. El hecho de haber llegado al pueblo en los últimos cinco años, bien sea buscando oportunidades económicas o huyendo del conflicto armado, está asociado a una alta preferencia temporal revelada y una baja aversión al riesgo revelada.
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Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia Eckel, C. C. y Grossman, P. J. (2008). Differences in the economic decisions of men and women: Experimental evidence. Handbook of Experimental Economics Results 1, chap. 57, 509-519. Kirby, K. N. et al. (2002). Correlates of delay-discount rates: Evidence from Tsimane’ Amerindians of the Bolivian rain forest. Journal of Economic Psychology, 23(3), 291-316. Johnson, M. W. y Bickel, W. K. (2002). Within-subject comparison of real and hypothetical money rewards in delay discounting. Journal of the Experimental Analysis of Behavior, 77(2), 129-146. Harrison, G. W.; Lau, M. I. et al. (2002). Estimating individual discount rates in Denmark: A field experiment. American Economic Review, 92(5), 1606-1617. Hans, P. B. (1980). Attitudes toward risk: Experimental measurement in rural India. American Journal of Agricultural Economics, 62(3), 395-407. Gaudecker, H.-M.; Van, S. A. et al. (2012). Experts in experiments: How selection matters for estimated distributions of risk preferences. Journal of Risk and Uncertainty, 45(2), 159-190. Fischbacher, U. y Föllmi-H. F. (2013). Lies in disguise – An experimental study on cheating. Journal of the European Economic Association, 11(3), 525-547. Fehr, E. y Gächter, S. (2000). Fairness and retaliation: The economics of reciprocity. The Journal of Economic Perspectives, 14(3), 159-181. Dufwenberg, M.; Gächter, S. et al. (2011). The framing of games and the psychology of play. Games and Economic Behavior, 73(2), 459-478. Kirby, K. N.; Winston, G. C. et al. (2005). Impatience and grades: Delay-discount rates correlate negatively with college GPA. Learning and Individual Differences, 15(3), 213-222. Dave, C. et al. (2010). Eliciting risk preferences: When is simple better? Journal of Risk and Uncertainty, 41(3), 219-243. Cook, J. et al. (2013). Measuring risk aversion among the urban poor in Kolkata, India. Applied Economics Letters, 20(1), 1-9. Charness, G.; Gneezy, U. et al. (2013). Experimental methods: Eliciting risk preferences. Journal of Economic Behavior & Organization, 87, 43-51. Carlsson, F. et al. (2012). Household decision making in rural China: Using experiments to estimate the influences of spouses. Journal of Economic Behavior & Organization, 84(2), 525-536. Cárdenas, J. C. y Carpenter, J. (2013). Risk attitudes and economic well-being in Latin America. Journal of Development Economics, 103, 52-61. Cárdenas, J. C. y Carpenter, J. (2008). Behavioural development economics: Lessons from field labs in the Developing World. Journal of Development Studies, 44(3), 311-338. Callen, M. et al. (2014). Violence and risk preference: Experimental evidence from Afghanistan. American Economic Review, 104(1), 123-148. Kirby, K. N. y Herrnstein, R. J. (1995). Preference reversals due to myopic discounting of delayed reward. Psychological Science, 6(2), 83-89. Liu, E. M. y Huang, J. (2013). Risk preferences and pesticide use by cotton farmers in China. Journal of Development Economics, 103, 202-215. Becker, G. S. y Mulligan, C. B. (1997). The endogenous determination of time preference. The Quarterly Journal of Economics, 112(3), 729-758. info:eu-repo/semantics/article Text http://purl.org/coar/access_right/c_abf2 info:eu-repo/semantics/openAccess http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/publishedVersion http://purl.org/redcol/resource_type/ARTREF http://purl.org/coar/resource_type/c_6501 Voors, M. J. et al. (2012). Violent conflict and behavior: A field experiment in Burundi. American Economic Review, 102(2), 941-964. Meier, S. y Sprenger, C. (2010). Present-biased preferences and credit card borrowing. American Economic Journal: Applied Economics, 2(1), 193-210. Tanaka, T.; Camerer, C. F. et al. Risk and time preferences: Linking experimental and household survey data from Vietnam. American Economic Review, 100(1), 557-571. Sutter, M. et al. (2013). Impatience and uncertainty: Experimental decisions predict adolescents' field behavior. American Economic Review, 103(1), 510-531. Shane, F.; Loewenstein, G. et al. (2002). Time discounting and time preference: A critical review. Journal of Economic Literature, 40(2), 351-401. Rieger, M. O.; Wang, M. et al. (2015). Risk preferences around the world. Management Science, 61(3), 637-648. Moya, A. (2016). Violence, psychological trauma, and induced changes in risk attitudes: Evidence from victims of violence in Colombia, working paper, 2016. Mosley, P. y Verschoor, A. (2005). Risk attitudes and the vicious circle of poverty. European Journal of Development Research, 17(1), 59-88. Meier, S. y Sprenger, C. D. (2013). Discounting financial literacy: Time preferences and participation in financial education programs. Journal of Economic Behavior & Organization, 95, 159-174. Brick, K.; Visser, M. et al. (2012). Risk aversion: Experimental evidence from South African fishing communities. American Journal of Agricultural Economics, 94(1), 133-152. Berg, J.; Dickhaut, J. et al. (1995). Trust, reciprocity, and social history. Games and economic behavior, 10(1), 122-142. Bauer, M. y Chytilov, J. (2010). The impact of education on subjective discount rate in Ugandan villages. Economic Development and Cultural Change, 58(4), 643-669. Universidad Externado de Colombia En este artículo presento evidencia exploratoria para el caso de Colombia sobre la relación entre ciertas variables socioeconómicas e indicadores de preferencias individuales. Aplicamos una encuesta de hogares y tomamos medidas de preferencia temporal y aversión al riesgo a una muestra de habitantes de Barranca de Upía (Meta). Encuentro que i. La edad está asociada con la preferencia temporal revelada, pero no a la aversión al riesgo revelada; ii. Las mujeres son más aversas al riesgo, y iii. El hecho de haber llegado al pueblo en los últimos cinco años, bien sea buscando oportunidades económicas o huyendo del conflicto armado, está asociado a una alta preferencia temporal revelada y una baja aversión al riesgo revelada. Ortiz Escobar, David experimentos de campo preferencia temporal aversión al riesgo desplazamiento 19 37 Núm. 37 , Año 2017 : Julio-Diciembre Artículo de revista Bauer, M.; Chytilov, J. et al. (2012). Behavioral foundations of microcredit: experimental and survey evidence from rural India. American Economic Review, 102(2), 1118-1139. application/pdf text/html application/xml Publication Revista de Economía Institucional Español Arnaud, R. y Couture, S. (2012). Stability of risk preference measures: results from a field experiment on French farmers. Theory and Decision, 73(2), 203-221. Andreoni, J. y Sprenger, C. (2012). Estimating time preferences from convex budgets. American Economic Review, 102(7), 3333-3356. Anderson, C. L. et al. (2004). Discount rates in Vietnam. Economic Development and Cultural Change, 52(4), 873-887. https://creativecommons.org/licenses/by-nc-sa/4.0/ Andersen, S. et al. (2008). Eliciting risk and time preferences. Econométrica, 76(3), 583-618. https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5080 Journal article Risk aversion, temporal preference, and socioeconomic variables: evidence from a Colombian people This is a Colombian case study which demonstrates the relationship. We applied a household survey and took measures of temporary preference and risk aversion to a sample of inhabitants of Barranca de Upía (Meta). I f¡nd that i. Age is associated with the time preference revealed, but not risk aversion is revealed; ii. Women are more risk averse, and iii. The fact that they have come to the village in the last f¡ve years, whether looking for economic opportunities or fleeing armed conflict, the revealing of a high temporal preference and a low risk aversion. field experiments temporary preference risk aversion displacement 2346-2450 https://revistas.uexternado.edu.co/index.php/ecoins/article/download/5080/6613 https://doi.org/10.18601/01245996.v19n37.08 https://revistas.uexternado.edu.co/index.php/ecoins/article/download/5080/6447 https://revistas.uexternado.edu.co/index.php/ecoins/article/download/5080/6137 2017-11-09 0124-5996 165 147 10.18601/01245996.v19n37.08 2017-11-09T00:00:00Z 2017-11-09T00:00:00Z |
| institution |
UNIVERSIDAD EXTERNADO DE COLOMBIA |
| thumbnail |
https://nuevo.metarevistas.org/UNIVERSIDADEXTERNADODECOLOMBIA/logo.png |
| country_str |
Colombia |
| collection |
Revista de Economía Institucional |
| title |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia |
| spellingShingle |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia Ortiz Escobar, David experimentos de campo preferencia temporal aversión al riesgo desplazamiento field experiments temporary preference risk aversion displacement |
| title_short |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia |
| title_full |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia |
| title_fullStr |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia |
| title_full_unstemmed |
Aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de Colombia |
| title_sort |
aversión al riesgo, preferencia temporal y variables socioeconómicas: evidencia de un pueblo de colombia |
| title_eng |
Risk aversion, temporal preference, and socioeconomic variables: evidence from a Colombian people |
| description |
En este artículo presento evidencia exploratoria para el caso de Colombia sobre la relación entre ciertas variables socioeconómicas e indicadores de preferencias individuales. Aplicamos una encuesta de hogares y tomamos medidas de preferencia temporal y aversión al riesgo a una muestra de habitantes de Barranca de Upía (Meta). Encuentro que i. La edad está asociada con la preferencia temporal revelada, pero no a la aversión al riesgo revelada; ii. Las mujeres son más aversas al riesgo, y iii. El hecho de haber llegado al pueblo en los últimos cinco años, bien sea buscando oportunidades económicas o huyendo del conflicto armado, está asociado a una alta preferencia temporal revelada y una baja aversión al riesgo revelada.
|
| description_eng |
This is a Colombian case study which demonstrates the relationship. We applied a household survey and took measures of temporary preference and risk aversion to a sample of inhabitants of Barranca de Upía (Meta). I f¡nd that i. Age is associated with the time preference revealed, but not risk aversion is revealed; ii. Women are more risk averse, and iii. The fact that they have come to the village in the last f¡ve years, whether looking for economic opportunities or fleeing armed conflict, the revealing of a high temporal preference and a low risk aversion.
|
| author |
Ortiz Escobar, David |
| author_facet |
Ortiz Escobar, David |
| topicspa_str_mv |
experimentos de campo preferencia temporal aversión al riesgo desplazamiento |
| topic |
experimentos de campo preferencia temporal aversión al riesgo desplazamiento field experiments temporary preference risk aversion displacement |
| topic_facet |
experimentos de campo preferencia temporal aversión al riesgo desplazamiento field experiments temporary preference risk aversion displacement |
| citationvolume |
19 |
| citationissue |
37 |
| citationedition |
Núm. 37 , Año 2017 : Julio-Diciembre |
| publisher |
Universidad Externado de Colombia |
| ispartofjournal |
Revista de Economía Institucional |
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https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5080 |
| language |
Español |
| format |
Article |
| rights |
http://purl.org/coar/access_right/c_abf2 info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/4.0/ |
| references |
Eckel, C. C. y Grossman, P. J. (2008). Differences in the economic decisions of men and women: Experimental evidence. Handbook of Experimental Economics Results 1, chap. 57, 509-519. Kirby, K. N. et al. (2002). Correlates of delay-discount rates: Evidence from Tsimane’ Amerindians of the Bolivian rain forest. Journal of Economic Psychology, 23(3), 291-316. Johnson, M. W. y Bickel, W. K. (2002). Within-subject comparison of real and hypothetical money rewards in delay discounting. Journal of the Experimental Analysis of Behavior, 77(2), 129-146. Harrison, G. W.; Lau, M. I. et al. (2002). Estimating individual discount rates in Denmark: A field experiment. American Economic Review, 92(5), 1606-1617. Hans, P. B. (1980). Attitudes toward risk: Experimental measurement in rural India. American Journal of Agricultural Economics, 62(3), 395-407. Gaudecker, H.-M.; Van, S. A. et al. (2012). Experts in experiments: How selection matters for estimated distributions of risk preferences. Journal of Risk and Uncertainty, 45(2), 159-190. Fischbacher, U. y Föllmi-H. F. (2013). Lies in disguise – An experimental study on cheating. Journal of the European Economic Association, 11(3), 525-547. Fehr, E. y Gächter, S. (2000). Fairness and retaliation: The economics of reciprocity. The Journal of Economic Perspectives, 14(3), 159-181. Dufwenberg, M.; Gächter, S. et al. (2011). The framing of games and the psychology of play. Games and Economic Behavior, 73(2), 459-478. Kirby, K. N.; Winston, G. C. et al. (2005). Impatience and grades: Delay-discount rates correlate negatively with college GPA. Learning and Individual Differences, 15(3), 213-222. Dave, C. et al. (2010). Eliciting risk preferences: When is simple better? Journal of Risk and Uncertainty, 41(3), 219-243. Cook, J. et al. (2013). Measuring risk aversion among the urban poor in Kolkata, India. Applied Economics Letters, 20(1), 1-9. Charness, G.; Gneezy, U. et al. (2013). Experimental methods: Eliciting risk preferences. Journal of Economic Behavior & Organization, 87, 43-51. Carlsson, F. et al. (2012). Household decision making in rural China: Using experiments to estimate the influences of spouses. Journal of Economic Behavior & Organization, 84(2), 525-536. Cárdenas, J. C. y Carpenter, J. (2013). Risk attitudes and economic well-being in Latin America. Journal of Development Economics, 103, 52-61. Cárdenas, J. C. y Carpenter, J. (2008). Behavioural development economics: Lessons from field labs in the Developing World. Journal of Development Studies, 44(3), 311-338. Callen, M. et al. (2014). Violence and risk preference: Experimental evidence from Afghanistan. American Economic Review, 104(1), 123-148. Kirby, K. N. y Herrnstein, R. J. (1995). Preference reversals due to myopic discounting of delayed reward. Psychological Science, 6(2), 83-89. Liu, E. M. y Huang, J. (2013). Risk preferences and pesticide use by cotton farmers in China. Journal of Development Economics, 103, 202-215. Becker, G. S. y Mulligan, C. B. (1997). The endogenous determination of time preference. The Quarterly Journal of Economics, 112(3), 729-758. Voors, M. J. et al. (2012). Violent conflict and behavior: A field experiment in Burundi. American Economic Review, 102(2), 941-964. Meier, S. y Sprenger, C. (2010). Present-biased preferences and credit card borrowing. American Economic Journal: Applied Economics, 2(1), 193-210. Tanaka, T.; Camerer, C. F. et al. Risk and time preferences: Linking experimental and household survey data from Vietnam. American Economic Review, 100(1), 557-571. Sutter, M. et al. (2013). Impatience and uncertainty: Experimental decisions predict adolescents' field behavior. American Economic Review, 103(1), 510-531. Shane, F.; Loewenstein, G. et al. (2002). Time discounting and time preference: A critical review. Journal of Economic Literature, 40(2), 351-401. Rieger, M. O.; Wang, M. et al. (2015). Risk preferences around the world. Management Science, 61(3), 637-648. Moya, A. (2016). Violence, psychological trauma, and induced changes in risk attitudes: Evidence from victims of violence in Colombia, working paper, 2016. Mosley, P. y Verschoor, A. (2005). Risk attitudes and the vicious circle of poverty. European Journal of Development Research, 17(1), 59-88. Meier, S. y Sprenger, C. D. (2013). Discounting financial literacy: Time preferences and participation in financial education programs. Journal of Economic Behavior & Organization, 95, 159-174. Brick, K.; Visser, M. et al. (2012). Risk aversion: Experimental evidence from South African fishing communities. American Journal of Agricultural Economics, 94(1), 133-152. Berg, J.; Dickhaut, J. et al. (1995). Trust, reciprocity, and social history. Games and economic behavior, 10(1), 122-142. Bauer, M. y Chytilov, J. (2010). The impact of education on subjective discount rate in Ugandan villages. Economic Development and Cultural Change, 58(4), 643-669. Bauer, M.; Chytilov, J. et al. (2012). Behavioral foundations of microcredit: experimental and survey evidence from rural India. American Economic Review, 102(2), 1118-1139. Arnaud, R. y Couture, S. (2012). Stability of risk preference measures: results from a field experiment on French farmers. Theory and Decision, 73(2), 203-221. Andreoni, J. y Sprenger, C. (2012). Estimating time preferences from convex budgets. American Economic Review, 102(7), 3333-3356. Anderson, C. L. et al. (2004). Discount rates in Vietnam. Economic Development and Cultural Change, 52(4), 873-887. Andersen, S. et al. (2008). Eliciting risk and time preferences. Econométrica, 76(3), 583-618. |
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