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. This paper investigates several of these reasons with a lab-in-the-field experiment in rural Malawi involving large stakes. It makes two contributions. First, it constructs a new dependent variable: revisions of prior choices regarding the allocation of future income. This allows us to directly...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/06/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6093
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1
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1
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2012/06/01
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Disclosed
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Revising commitments : field evidence on the adjustment of prior choices
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Finance & Private Sector Development
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