Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-61676
Mentzakis, Emmanouil; Zhang, Jingjing (2012). An investigation of individual preferences: consistency across incentives and stability over time. Working paper series / Department of Economics 70, University of Zurich.
This study compares individual preferences across incentives (i.e., hypothetical vs. real incentives) and over time (i.e. elicitation at two different points in time) in a choice experiment involving charitable donating decisions. We provide evidence of hypothetical bias but little evidence of instability of individual giving. There is significant heterogeneity in individual preferences, with real incentives either dampening or pronouncing the observed donating behaviour. Neither hypothetical bias nor instability is observed when we examine the propensity of individuals to make internally consistent decisions over identical choices.
|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics|
Working Paper Series > Department of Economics
|JEL Classification:||C91, D11, D91, H40|
|Uncontrolled Keywords:||Individual preference, hypothetical bias, time inconsistency, discrete choice experiments, charitable donations|
|Deposited On:||04 Apr 2012 15:47|
|Last Modified:||19 Mar 2013 13:14|
|Series Name:||Working paper series / Department of Economics|
|Number of Pages:||27|
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