Dollars, cents, and mobile money: Do denomination and form of payment affect measures of risk and time preferences?

2019 ◽  
Author(s):  
Jessica Hoel ◽  
Prachi Jain
Keyword(s):  
Time Preferences ◽  
Mobile Money ◽  
Measures Of Risk

scholarly journals Estimating Time Preferences from Convex Budgets

2012 ◽  
Vol 102 (7) ◽  
pp. 3333-3356 ◽  
Author(s):  
James Andreoni ◽  
Charles Sprenger
Keyword(s):  
Decision Making ◽  
Risk Aversion ◽  
Utility Function ◽  
Time Preferences ◽  
Economic Decision ◽  
Economic Decision Making ◽  
Measures Of Risk ◽  
High Utility ◽  
The Cost ◽  
Allocation Decisions

Experimentally elicited discount rates are frequently higher than what seems reasonable for economic decision-making. Such high rates are often attributed to present-biased discounting. A well-known bias of standard measurements is the assumption of linear consumption utility. Attempting to correct this bias using measures of risk aversion to identify concavity, researchers find reasonable discounting but at the cost of exceptionally high utility function curvature. We present a new methodology for identifying time preferences, both discounting and curvature, from simple allocation decisions. We find reasonable levels of both discounting and curvature and, surprisingly, dynamically consistent time preferences. (JEL C91, D12, D81)

Query Theory and Time Preferences

2005 ◽  
Author(s):  
Kerry Milch ◽  
Hannah Chang ◽  
Elke Weber ◽  
Jeff Brodscholl ◽  
Dan Goldstein ◽  
...  
Keyword(s):  
Time Preferences

The Impact of Mobile Money Services on the Financial Transactions of Tertiary Students

2017 ◽  
Vol 6 (7) ◽  
Author(s):  
Francis Kwaku Kuma ◽  
Isaiah Miencha ◽  
Abena Yeboah Abrahams ◽  
Rev Nelson Boadi
Keyword(s):  
Mobile Money ◽  
Financial Transactions ◽  
The Impact

Mobile Money - A Catalyst for Financial Inclusion in Developing Economies: A Case Study of Zimbabwe using FinScope Survey Data

GIS Business ◽  
2016 ◽  
Vol 12 (4) ◽  
pp. 45-56
Author(s):  
Kingstone Mutsonziwa ◽  
Obert K. Maposa
Keyword(s):  
Rural Communities ◽  
Developing Economies ◽  
Adult Population ◽  
Financial System ◽  
Financial Inclusion ◽  
Viable Option ◽  
Mobile Money ◽  
Bank Branches ◽  
Financial Transactions

Mobile money in Zimbabwe has extensively extended the frontiers of financial inclusion to reach millions who were earlier excluded within a relatively short space of time. The growing use of mobile phones in transferring money and making payments has significantly altered the countrys financial inclusion landscape as millions who had been hitherto excluded can now perform financial transactions in a relatively cheap, reliable and secure way. The FinScope results found out that 45% of the adult population use mobile money services. Of those using mobile money, 65% mentioned that is convenient, while 36% mentioned that it is cheap. Mobile money is accessible. These drivers are in the backdrop of few or no bank branches in rural communities as well as time and cost of accessing the bank branches. In Zimbabwe, mobile money is mostly used as a vehicle for remittances. While some people are enjoying mobile money services, it is important to mention that there are still people who are excluded from the formal financial system. The reasons why people do not use mobile money are mainly related to poverty issues. Mobile money remains a viable option to push the landscape of financial inclusion in Zimbabwe and other emerging markets where the formal financial system might not be strong.

Experimente und forstökonomische Fragen

2012 ◽  
Vol 163 (10) ◽  
pp. 417-421
Author(s):  
Urs Fischbacher
Keyword(s):  
Public Goods ◽  
Experimental Method ◽  
Forest Product ◽  
Time Preferences ◽  
Economic Research ◽  
Timber Production ◽  
Markets And Institutions ◽  
Experimental Findings ◽  
Forest Economic

Experiments and forest economic questions During the last decades experiments have gained great importance in economics. These experiments deal with questions that are of significance for forest economic research, too. Timber production, for example, is characterised by long-term decisions and, in addition, forestry produces important public goods. In this article the experimental method is introduced. Furthermore, experimental findings are presented, e.g., concerning time preferences and externalities, and possible applications for the study of forest product markets and institutions are outlined.

Sign in / Sign up

Export Citation Format

Share Document