Arbeitspapier

De Gustibus Non Est Disputandum: An Experimental Investigation

The goal of this paper is to examine stability in preferences using the Stigler-Becker state-dependent framework. Using a randomized intervention that changes the opportunity sets of individuals we construct a unique panel data from an artefactual field experiment and evaluate whether the change in the state space influences our selected indicators of preferences: risk, competitiveness, and confidence. We find that there is considerable heterogeneity of preferences across individuals at a point in time; risk and competitive preferences inter-temporally are consistent with state-dependent preferences, while measures of confidence seem to depend on past experiences.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 8579

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Subject
preference stability
state contingent preferences
artefactual field experiment

Event
Geistige Schöpfung
(who)
Dasgupta, Utteeyo
Gangadharan, Lata
Maitra, Pushkar
Mani, Subha
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2014

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Dasgupta, Utteeyo
  • Gangadharan, Lata
  • Maitra, Pushkar
  • Mani, Subha
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2014

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