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来源类型Working Paper
规范类型报告
DOI10.3386/w18065
来源IDWorking Paper 18065
Revising Commitments: Field Evidence on the Adjustment of Prior Choices
Xavier Giné; Jessica Goldberg; Dan Silverman; Dean Yang
发表日期2012-05-10
出版年2012
语种英语
摘要The very poor in developing countries often make intertemporal choices that seem at odds with their individual self-interest. There are many possible reasons why. We investigate several of these reasons with a lab-in-the-field experiment in rural Malawi involving large stakes. We make two contributions. First, we construct a new dependent variable: revisions of prior choices regarding the allocation of future income. This allows us to directly examine intertemporal choice revision and its determinants. In particular, this dependent variable permits a novel test for the existence of self-control problems: we find that revisions of money allocations toward the present are positively associated with measures of present-bias from an earlier baseline survey, as well as the (randomly assigned) closeness in time to the first possible date of money disbursement. Second, we investigate other potential determinants of revision, aside from self-control problems. We find little evidence that revisions of money allocations toward the present are associated with spousal preferences for such revision, household shocks or the financial sophistication of respondents.
主题Microeconomics ; Economics of Information ; Behavioral Economics ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w18065
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575741
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Xavier Giné,Jessica Goldberg,Dan Silverman,et al. Revising Commitments: Field Evidence on the Adjustment of Prior Choices. 2012.
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