Revising Commitments: Field Evidence on the Adjustment of Prior Choices
ECONOMIC JOURNAL（2018）
摘要
We implement an artefactual field experiment in rural Malawi to study revisions of prior choices regarding future income receipts. This allows examination of intertemporal choice revision and its determinants. New tests provide evidence of self-control problems for some participants. Revisions of money allocations towards the present are positively associated with refined measures of present-bias from an earlier survey and with the randomly assigned closeness in time to the first possible date of money disbursement. We find little evidence that revisions of allocations towards the present are associated with spousal preferences for such revision, household shocks, or the financial sophistication of respondents.
更多查看译文
关键词
benchmark,field work,interest rate,interest rates,return,diminishing marginal utility,transaction costs,simulation,rate of return,development economics,savings,price elasticity,budget constraints,science education,income,durables,price elasticity of demand,self control,consumers,experimental design,rates of return,stocks,emerging market,demographic,modeling,marginal utility,financial transaction,savings account,aggregate demand,transaction,scientific research,field experiment,field experiments,developing countries,emerging markets,economic models,developing country,financial markets,extreme poverty,low income countries,regression analysis
AI 理解论文
溯源树
样例
生成溯源树，研究论文发展脉络
Chat Paper
正在生成论文摘要