کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
970972 | 1479554 | 2010 | 7 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Financial decision making in collective society—A field test on Israeli kibbutz members and city residents Financial decision making in collective society—A field test on Israeli kibbutz members and city residents](/preview/png/970972.png)
This comparison of Israeli kibbutz members to city residents examines how of individualistic/collective society affects financial decision making. Findings revealed that kibbutz members are more risk averse and discount the future more than city residents, undermining the assumption that collective society accords a safety net. We claim that the collective financial management of the kibbutz reduces individuals’ financial knowledge and experience, causing them to be more risk averse in financial decisions, and thus overpowering the safety net offered by the collective society. In addition, we argue that despite privatization, individuals still operate according to collective ideas in handling their personal finances, but less than before the onset of the privatization process.
Journal: The Journal of Socio-Economics - Volume 39, Issue 1, January 2010, Pages 30–36