An investigation of individual preferences: Consistency across incentives and stability over time

Arbeitspapier

This study compares individual preferences across incentives (i.e., hypothetical vs. real incentives) and over time (i.e. elicitation at two different points in time) in a choice experiment involving charitable donating decisions. We provide evidence of hypothetical bias but little evidence of instability of individual giving. There is significant heterogeneity in individual preferences, with real incentives either dampening or pronouncing the observed donating behaviour. Neither hypothetical bias nor instability is observed when we examine the propensity of individuals to make internally consistent decisions over identical choices.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 70

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Design of Experiments: Laboratory, Individual ; Consumer Economics: Theory ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Publicly Provided Goods: General
• Thema: individual preference ; hypothetical bias ; time inconsistency ; discrete choice experiments ; charitable donations ; Fundraising ; Diskrete Entscheidung ; Zeitpräferenz ; Test

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Mentzakis, Emmanouil ; Zhang, Jingjing
• Ereignis: Veröffentlichung
• (wer): University of Zurich, Department of Economics
• (wo): Zurich
• (wann): 2012

Weitere Informationen

• DOI: doi:10.5167/uzh-61676
• Handle: http://hdl.handle.net/10419/77575
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ