In matters of taste, there can be no disputes : an empirical study of endogenous preferences
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- Master's theses (HH) 
A fundamental assumption in traditional economic theory is exogeneity of preferences. Economists view preferences as innate characteristics that are stable with regards to time and space. This thesis questions this assumption by analyzing if preferences are likely to be shaped by economic circumstances, and thereby endogenized. The thesis analyzes data collected from 248 households in rural Peru to find out how their stated risk, time, environmental, social and trust preferences relate to each other and how they relate to the household’s socio-economic characteristics, livelihood choices and income. Two research questions are answered; (1) “How do stated risk, time, environmental, social and trust preferences relate to each other?” and (2) “How do household socio-economic characteristics and livelihood choices relate to the stated risk, time, environmental, social and trust preferences?”.