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.
Cite this paper
Silva, S. D. , Faveri, D. D. , Correa, A. and Matsushita, R. (2017). Social Preferences, Financial Literacy and Intertemporal Choice. Open Access Library Journal, 4, e3699. doi: http://dx.doi.org/10.4236/oalib.1103699.
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