Exploring Economic Preferences in Children: A Case Study on Behavioral Insights and Methodological Approaches

Title

Exploring Economic Preferences in Children: A Case Study on Behavioral Insights and Methodological Approaches

Author

1. Vijay Varma, Postdoctoral Researcher, Indian Institute of Management-Ahmedabad, Ahmedabad, India

Abstract

This study delves into testing techniques for measuring children's monetary preferences. It provides a framework for interpreting data, surveys scientific insights, summarizes critical methodologies, and offers practical tips on designing experiments. This study also addresses phases of development, exposure, time, and societal preferences.

Keywords

Conclusion

There is much room for expansion in economic research involving the experimental study of children. Researchers can learn much about how market results and social institutions are shaped by studying and quantifying children's economic choices. It will be critical to improve methodology and deal with the difficulties of researching young people as this area develops. The controlled investigation of children can deepen our comprehension of economic behavior throughout life if conducted with meticulous preparation and cutting-edge methods.

Author Contrubution

The author was solely responsible for the study's conception, data collection, analysis, interpretation, and manuscript preparation.

Funding

This research, including authorship and publication, did not receive any specific grant from funding agencies in the public, commercial, or non-profit sectors.

Conflict of Interest

The authors have no conflicts of interest to declare.

Data Sharing Statement

Data sharing is not part of this study.

Software And Tools Use

No software or tools were applied in this study.

Acknowledgements

I am grateful for the expertise and help provided by all who contributed to this study and manuscript, and for the comments from anonymous reviewers.