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Articles 1 - 5 of 5
Full-Text Articles in Behavioral Economics
Financial Literacy And Financial Inclusion Of Women In Rural Rajasthan, Emily Levi-D'Ancona
Financial Literacy And Financial Inclusion Of Women In Rural Rajasthan, Emily Levi-D'Ancona
Independent Study Project (ISP) Collection
Financial inclusion is an important step in development, as access to finances can help the poor build money and lift themselves out of poverty. In many parts of the developing world, and especially in India, microfinance is seen as a new approach to fighting poverty by bringing financial services, including low-interest loans, to the poor so that they can afford to start a business or invest and eventually gain self-sufficiency – in other words, a method of financial inclusion for the poor. However, microfinance in India cannot sufficiently reach the poor populations, especially those in rural India, and many of …
How Portable Is Level-0 Behavior? A Test Of Level-K Theory In Games With Non-Neutral Frames, Shaun Hargreaves Heap, David Rojo Arjona, Robert Sugden
How Portable Is Level-0 Behavior? A Test Of Level-K Theory In Games With Non-Neutral Frames, Shaun Hargreaves Heap, David Rojo Arjona, Robert Sugden
Economics Faculty Articles and Research
We test the portability of level‐0 assumptions in level‐k theory in an experimental investigation of behavior in Coordination, Discoordination, and Hide and Seek games with common, non‐neutral frames. Assuming that level‐0 behavior depends only on the frame, we derive hypotheses that are independent of prior assumptions about salience. Those hypotheses are not confirmed. Our findings contrast with previous research which has fitted parameterized level‐k models to Hide and Seek data. We show that, as a criterion of successful explanation, the existence of a plausible model that replicates the main patterns in these data has a high probability of …
Impact Of Natural Disaster Exposure On Prosocial Preferences And Public Goods Provision: Evidence From The Solomon Islands, Heather Belfor
Impact Of Natural Disaster Exposure On Prosocial Preferences And Public Goods Provision: Evidence From The Solomon Islands, Heather Belfor
Master's Theses
Natural disaster exposure can impact prosocial preferences, which indicate the level of social capital, as well as create a shift in investments from public to private goods. Both are important mechanisms to study in order to create optimal climate change adaptation policies. This study evaluates the impact of natural disaster exposure on prosocial preferences and public goods provision in the evaluated communities. The data used in this research comes from a process evaluation that was carried out in the Solomon Islands on the Rural Development Program (RDP) and a Structured Community Activity (SCA) experiment, which took place in 80 villages …
A Psychological Account Of Consent To Fine Print, Tess Wilkinson-Ryan
A Psychological Account Of Consent To Fine Print, Tess Wilkinson-Ryan
All Faculty Scholarship
The moral and social norms that bear on contracts of adhesion suggest a deep ambivalence. Contracts are perceived as serious moral obligations, and yet they must be taken lightly or everyday commerce would be impossible. Most people see consent to boilerplate as less meaningful than consent to negotiated terms, but they nonetheless would hold consumers strictly liable for both. This Essay aims to unpack the beliefs, preferences, assumptions, and biases that constitute our assessments of assent to boilerplate. Research suggests that misgivings about procedural defects in consumer contracting weigh heavily on judgments of contract formation, but play almost no role …
A Piece Of The Puzzle: Can Behavioral Insights Help Understand Currency Returns?, Samuel D. Russell
A Piece Of The Puzzle: Can Behavioral Insights Help Understand Currency Returns?, Samuel D. Russell
Senior Theses and Projects
This paper finds further evidence using a Cointegrated Vector Autoregression to support claims against the Uncovered Interest Rate Parity (UIP) ex post, referred to as the Forward Discount Anomaly (Fama, 1984). This anomaly suggests predictable profits simply from investing in a country with a higher interest rate. Potential explanations could be attributed to risk or deviations from the rational expectations hypothesis. UIP ex ante is tested using survey data. These results indicate a time-‐ varying risk premium. Further it is found that this premium is related to the gap between the exchange rate and Purchasing-‐Power-‐Parity value. Additionally it is determined …