Exploring Economic Preferences in Children: A Case Study on Behavioral Insights and Methodological Approaches
1. Vijay Varma, Indian Institute of Management-Ahmedabad, Ahmedabad, Postdoctoral Researcher, India
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.
Economic preferences children experimental methods developmental stages risk preferences time preferences social preferences
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.
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The author was solely responsible for the study's conception, data collection, analysis, interpretation, and manuscript preparation.
This research, including authorship and publication, did not receive any specific grant from funding agencies in the public, commercial, or non-profit sectors.
No software or tools were applied in this study.
The authors have no conflicts of interest to declare.
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.
Data sharing is not part of this study.