Applying Behavioral Economics to microcredit in China's rural areas

被引：2

作者：

Oliphant, Wesley ^{[1
]}

Ma, Hong ^{[2
]}

机构：

[1] Los Angeles Valley Coll, 5413 North Muscatel Ave, San Gabriel, CA 91776 USA

[2] South Cent Univ Nationalities, Wuhan, Hubei, Peoples R China

来源：

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE | 2021年 / 31卷

关键词：

Microcredit; RCC; Lender; Borrower; Bias; Farmer; China; Loans; RISK; PREFERENCES; ADOPTION; CREDIT; TIME;

D O I：

10.1016/j.jbef.2021.100555

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

To improve the provision of microcredit to farmers, this paper describes and suggests which cognitive biases in Behavioral Economics may apply to and should be tested on borrowers (farmers) and lenders (workers at Rural Credit Cooperatives) in China's rural market for microcredit. For example, some of the biases considered are loss aversion, ambiguity aversion and the sequential bias. If biases are found, this paper also suggests what would help mitigate the biases' negative effects. This paper is the first to apply Behavioral Economics to the lenders in China's rural credit market. (C) 2021 Elsevier B.V. All rights reserved.

引用

页数：9

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