Title

Preference heterogeneity in experiments: Comparing the field and laboratory

Authors

Authors

S. Andersen; G. W. Harrison; M. I. Lau;E. E. Rutstrom

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

J. Econ. Behav. Organ.

Keywords

Field experiments; Laboratory experiments; Preferences; Risk aversion; Discount rates; FINANCIAL DECISION-MAKING; RISK-AVERSION; TRAINING-PROGRAMS; PROPENSITY; SCORE; UTILITY-THEORY; ATTITUDES; CAUSAL; CALIBRATION; DENMARK; CHOICES; Economics

Abstract

Do laboratory experiments provide a reliable basis for measuring field preferences? Economists recognize that preferences can differ across individuals. but only a few attempts have been made to elicit individual preferences for representative samples of a population in a particular geographical area, region or country Our primary objective is to directly compare estimates of preferences elicited from a convenience sample anti the estimates for the wider population from which that sample is drawn We examine the strengths and weaknesses of laboratory and field experiments to detect differences in preferences over risk and time that are associated with standard, observable characteristics of the individual (C) 2009 Elsevier B.V. All rights reserved.

Journal Title

Journal of Economic Behavior & Organization

Volume

73

Issue/Number

2

Publication Date

1-1-2010

Document Type

Article

Language

English

First Page

209

Last Page

224

WOS Identifier

WOS:000274926400007

ISSN

0167-2681

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