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

Socpus ID

74749091839 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/74749091839

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