The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences

• 成果类型: Article
• 署名作者: Falk, Armin; Becker, Anke; Dohmen, Thomas; Huffman, David; Sundef, Uwe
• 署名单位: University of Bonn; Harvard University; Maastricht University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Munich
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2022.4455
• 发表日期: 2023
• 页码: 1935-1950
• 关键词: survey validation; experiment; preference measurement

摘要

Incentivized choice experiments are a key approach tomeasuring preferences in economics but are also costly. Survey measures are a low-cost alternative but can suffer from additional forms of measurement error due to their hypothetical nature. This paper seeks to leverage the strengths of both approaches by proposing a new survey module on risk aversion, time discounting, trust, altruism, positive and negative reciprocity, in which survey items are selected based on ability to predict choices in corresponding, incentivized experiments. The methodology and results provided in the paper can also potentially provide a model for researchers who have specific requirements and want to design their own modules.