The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences
By Armin Falk, Anke Becker, Thomas J. Dohmen, David Huffman, Uwe Sunde. Management Sciences, 2016
496 citations recorded by the source corpus.
Incentivized choice experiments are a key approach to measuring 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. This paper was accepted by Yan Chen, behavioral economics and decision analysis.
Subfields: Economics and Econometrics, General Decision Sciences, Safety Research
View Paper: https://www.semanticscholar.org/paper/08678a01dc1b53990a6edd0cdd145122123dbabe
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In Economics and Econometrics
Citations in the corpus
- Socioeconomic Status and Inequalities in Children’s IQ and Economic Preferences (2017, unknown): “The SES gap in altruism maps into an approximately 5% difference in the probability to donate or volunteer (Falk et al. 2016).”
- Gender inequality in COVID-19 times: evidence from UK prolific participants (2020, background): “…gap in COVID-19-related health and economic concerns, we have also included the following controls variables: a time preference measure (1–10), from Falk et al. (2016, 2018) —see footnote 15— and three measures of risky behaviors—obesity indicator (0–1), number of alcoholic drinks (0–10), and…”