On the stability of risk and time preferences amid the COVID-19 pandemic.

IF 1.7 3区 经济学 Q2 ECONOMICS
Experimental Economics Pub Date : 2022-01-01 Epub Date: 2021-08-13 DOI:10.1007/s10683-021-09727-6
Andreas C Drichoutis, Rodolfo M Nayga
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引用次数: 0

Abstract

We elicited incentivized measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, in waves that preceded and overlapped with the COVID-19 pandemic. We exploited the timing of several events that occurred in the course of the pandemic (e.g., first occurrence of cases and deaths, curfew, relaxation of curfew etc.) and estimated structural parameters for various theories of risk and time preferences comparing these with pre-pandemic estimates. We find no effect between the different waves or other key events of the pandemic, despite the fact that we have about 1000 responses across all waves. Overall, our subjects exhibit intertemporal stability of risk and time preferences despite the significant effect of the COVID-19 pandemic on public health and the global economy.

Supplementary information: The online version contains supplementary material available at 10.1007/s10683-021-09727-6.

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关于 COVID-19 大流行中风险和时间偏好的稳定性。
我们从希腊雅典的本科生样本中收集了风险和时间偏好的激励测量值,这些测量值的波次在 COVID-19 大流行之前并与之重叠。我们利用大流行过程中发生的几个事件(如首次出现病例和死亡病例、宵禁、宵禁放松等)的时间点,估算了各种风险和时间偏好理论的结构参数,并将这些参数与大流行前的估计值进行了比较。我们发现,尽管所有波次中都有大约 1000 个回复,但不同波次或大流行病的其他关键事件之间并无影响。总体而言,尽管 COVID-19 大流行病对公共卫生和全球经济产生了重大影响,但我们的研究对象在风险和时间偏好方面表现出了跨期稳定性:在线版本包含补充材料,可查阅 10.1007/s10683-021-09727-6。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.10
自引率
8.70%
发文量
40
期刊介绍: Experimental methods are uniquely suited to the study of many phenomena that have been difficult to observe directly in naturally occurring economic contexts. For example, the ability to induce preferences and control information structures makes it possible to isolate the effects of alternate economic structures, policies, and market institutions.Experimental Economics is an international journal that serves the growing group of economists around the world who use experimental methods. The journal invites high-quality papers in any area of experimental research in economics and related fields (i.e. accounting, finance, political science, and the psychology of decision making). State-of-the-art theoretical work and econometric work that is motivated by experimental data is also encouraged. The journal will also consider articles with a primary focus on methodology or replication of controversial findings. We welcome experiments conducted in either the laboratory or in the field. The relevant data can be decisions or non-choice data such as physiological measurements. However, we only consider studies that do not employ deception of participants and in which participants are incentivized.  Experimental Economics is structured to promote experimental economics by bringing together innovative research that meets professional standards of experimental method, but without editorial bias towards specific orientations. All papers will be reviewed through the standard, anonymous-referee procedure and all accepted manuscripts will be subject to the approval of two editors. Authors must submit the instructions that participants in their study received at the time of submission of their manuscript. Authors are expected to submit separate data appendices which will be attached to the journal''s web page upon publication. Officially cited as: Exp Econ
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