De Gustibus Non Est Disputandum: An Experimental Investigation

Utteeyo Dasgupta, Lata Gangadharan (), Pushkar Maitra and Subha Mani

No 8579, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The goal of this paper is to examine stability in preferences using the Stigler-Becker state-dependent framework. Using a randomized intervention that changes the opportunity sets of individuals we construct a unique panel data from an artefactual field experiment and evaluate whether the change in the state space influences our selected indicators of preferences: risk, competitiveness, and confidence. We find that there is considerable heterogeneity of preferences across individuals at a point in time; risk and competitive preferences inter-temporally are consistent with state-dependent preferences, while measures of confidence seem to depend on past experiences.

Keywords: preference stability; state contingent preferences; artefactual field experiment (search for similar items in EconPapers)
JEL-codes: C9 D01 D03 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2014-10
New Economics Papers: this item is included in nep-cbe and nep-exp
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Citations: View citations in EconPapers (1)

Published - published as 'Searching for Preference Stability in a State Dependent World' in: Journal of Economic Psychology, 2017, 62, 17- 32.

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https://docs.iza.org/dp8579.pdf (application/pdf)

Related works:
Working Paper: De Gustibus Non Est Disputandum: An Experimental Investigation (2014)
Working Paper: De Gustibus Non Est Disputandum: An Experimental Investigation (2014)
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