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KIDS kidslab.dk The development of non-standard preferences Marco - - PowerPoint PPT Presentation

Nov 02, 2022 241 likes •327 views

KIDS kidslab.dk The development of non-standard preferences Marco Piovesan, Dept. of Economics 10/01/2017 2 Heterogeneity of non-standard preferences Some people are generous, risk averse and patient Other people are selfish, risk loving

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The development of non-standard preferences

Marco Piovesan,

  • Dept. of Economics

KIDS

kidslab.dk

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Heterogeneity of non-standard preferences

Some people are generous, risk averse and patient Other people are selfish, risk loving and impatient What can explain this heterogeneity? Are these preferences an innate and specific characteristic of each human being or are they learnt through socialization? What is the role of parents? And peers?

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Our research: KIDS project

  • Large scale economic experiments with children and

adolescents in the Copenhagen area.

  • Behavioral data (games) and survey of children,

parents and teachers

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The Development of Preferences

  • Risk preferences (risky behavior and

competitiveness)

  • Social preferences (fairness, trust,

altruism and cooperativeness)

  • Time preferences (self-control,

patience, procrastination)

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An example: why do we lie?

  • Women lie. Men lie, possibly more. Can we blame our

parents?

  • We asked parents to flip two coins -each with a green

and blue side- and write down the results. The combination of “green-green” earned them a 70 DKK

  • prize. Reporting anything else was worthless.
  • We did not observe cheating but we compare the

average winning rates to the objective probability of scoring the prize (only 0.25).

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An example: why do we lie?

  • We examined a few scenarios: whether or not the child

was in the room and whether the child was male or female.

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Impact of our reserach

  • Our research will improve our understanding of

preferences, their development with age and the

  • bserved heterogeneity.
  • Our result can help the policy maker to design

programs that can foster academic achievement and propose interventions that can improve educational

  • utcomes.
  • Finally we can investigate if other "environmental"

factors can affect our preferences (parental leaves, health, etc.)

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Thanks!

More info here: www.mpiovesan.com http://kidslab.dk A special thanks to Helene Willadsen, my main coauthor in the KIDS project

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