Visual continuous time preferences: field experiment in Honduras

Visual Continuous Time Preferences (VCTP) is a new tool for measuring time preferences that synthesizes the simplicity of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks. We evaluate this tool in the field, in rural Honduras, to test whether running the task with enumer...

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Detalles Bibliográficos
Autores: Prissé, Benjamin, Jorrat, Diego
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad Loyola Andalucía
Repositorio:Brújula
OAI Identifier:oai:repositorio.uloyola.es:20.500.12412/5485
Acceso en línea:https://hdl.handle.net/20.500.12412/5485
Access Level:acceso abierto
Palabra clave:Time Preference
MPL
CTB
Visual Experiment
Field Experiment.
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repository_id_str
spelling Visual continuous time preferences: field experiment in HondurasPrissé, BenjaminJorrat, DiegoTime PreferenceMPLCTBVisual ExperimentField Experiment.Visual Continuous Time Preferences (VCTP) is a new tool for measuring time preferences that synthesizes the simplicity of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks. We evaluate this tool in the field, in rural Honduras, to test whether running the task with enumerators and reducing the number of balls to five improves the quality of results. We partially replicate results of the laboratory experiment since subjects answer the task rapidly and consistently to reveal their time preferences, but they make little use of the additional precision. Enumerators are crucial for maintaining sample size and reducing the number of balls is not an improvement because it decreases the precision of answers. Results therefore suggest the power of the visual methodology to measure economic preferences with populations struggling with complexity by making accessible the salient aspects of the reasoning.2024info:eu-repo/semantics/articlehttps://hdl.handle.net/20.500.12412/5485reponame:Brújulainstname:Universidad Loyola AndalucíaInglésEuropean Union "NextGeneration EU" PRTR, PID2021-126892NB-I00 (MCIN-AEIFEDER)info:eu-repo/semantics/openAccessoai:repositorio.uloyola.es:20.500.12412/54852026-06-24T12:48:37Z
dc.title.none.fl_str_mv Visual continuous time preferences: field experiment in Honduras
title Visual continuous time preferences: field experiment in Honduras
spellingShingle Visual continuous time preferences: field experiment in Honduras
Prissé, Benjamin
Time Preference
MPL
CTB
Visual Experiment
Field Experiment.
title_short Visual continuous time preferences: field experiment in Honduras
title_full Visual continuous time preferences: field experiment in Honduras
title_fullStr Visual continuous time preferences: field experiment in Honduras
title_full_unstemmed Visual continuous time preferences: field experiment in Honduras
title_sort Visual continuous time preferences: field experiment in Honduras
dc.creator.none.fl_str_mv Prissé, Benjamin
Jorrat, Diego
author Prissé, Benjamin
author_facet Prissé, Benjamin
Jorrat, Diego
author_role author
author2 Jorrat, Diego
author2_role author
dc.subject.none.fl_str_mv Time Preference
MPL
CTB
Visual Experiment
Field Experiment.
topic Time Preference
MPL
CTB
Visual Experiment
Field Experiment.
description Visual Continuous Time Preferences (VCTP) is a new tool for measuring time preferences that synthesizes the simplicity of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks. We evaluate this tool in the field, in rural Honduras, to test whether running the task with enumerators and reducing the number of balls to five improves the quality of results. We partially replicate results of the laboratory experiment since subjects answer the task rapidly and consistently to reveal their time preferences, but they make little use of the additional precision. Enumerators are crucial for maintaining sample size and reducing the number of balls is not an improvement because it decreases the precision of answers. Results therefore suggest the power of the visual methodology to measure economic preferences with populations struggling with complexity by making accessible the salient aspects of the reasoning.
publishDate 2024
dc.date.none.fl_str_mv 2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.12412/5485
url https://hdl.handle.net/20.500.12412/5485
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv European Union "NextGeneration EU" PRTR, PID2021-126892NB-I00 (MCIN-AEIFEDER)
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Brújula
instname:Universidad Loyola Andalucía
instname_str Universidad Loyola Andalucía
reponame_str Brújula
collection Brújula
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869419877795627008
score 15,812429

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