Article
Social Preferences, Financial Literacy and Intertemporal Choice
Open Access Library Journal
(2017)
Abstract
We evaluate the relationship between social preferences, financial literacy and
intertemporal choice in questionnaires distributed to university students.
Most respondents perform well on a financial literacy test, and the majority
show prosocial value orientation. Older students tend to be more prosocial,
but we cannot confirm in our sample that females are more prosocial than
males. We cannot confirm, either, that the prosocial are more financially literate
than individualists and the competitive. Most respondents do not show
hyperbolic discounting, and its incidence abates as both stakes and payoff delays
increase. Prosocial participants also reveal to be more patient across the
questionnaires.
Keywords
- Social Preferences,
- Social Value Orientation,
- Financial Literacy,
- Intertemporal Choice,
- Hyperbolic Discounting,
- Impatience
Disciplines
Publication Date
2017
DOI
https://doi.org/10.4236/oalib.1103699
Citation Information
Sergio Da Silva, Dinorá De Faveri, Ana Correa and Raul Matsushita. "Social Preferences, Financial Literacy and Intertemporal Choice" Open Access Library Journal Vol. 4 Iss. 6 (2017) p. 1 - 11 ISSN: 2333-9721 Available at: http://works.bepress.com/sergiodasilva/173/