Title
Preference Heterogeneity In Experiments: Comparing The Field And Laboratory
Keywords
Discount rates; Field experiments; Laboratory experiments; Preferences; Risk aversion
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 and 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. © 2009 Elsevier B.V. All rights reserved.
Publication Date
2-1-2010
Publication Title
Journal of Economic Behavior and Organization
Volume
73
Issue
2
Number of Pages
209-224
Document Type
Article
Personal Identifier
scopus
DOI Link
https://doi.org/10.1016/j.jebo.2009.09.006
Copyright Status
Unknown
Socpus ID
74749091839 (Scopus)
Source API URL
https://api.elsevier.com/content/abstract/scopus_id/74749091839
STARS Citation
Andersen, Steffen; Harrison, Glenn W.; Lau, Morten Igel; and Rutström, E. Elisabet, "Preference Heterogeneity In Experiments: Comparing The Field And Laboratory" (2010). Scopus Export 2010-2014. 1319.
https://stars.library.ucf.edu/scopus2010/1319