| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16345 |
| DP16345 Limited Self-knowledge and Survey Response Behavior | |
| Armin Falk; Thomas Neuber; Philipp Strack | |
| 发表日期 | 2021-07-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the model predicts that the variance in responses for different characteristics increases in self-knowledge and that the variance for a given characteristic over time is non-monotonic in self-knowledge. Importantly, the ratio of these variances identifies an individual’s level of self-knowledge, i.e. the latter can be inferred from observed response patterns. Second, we develop a consistent and unbiased estimator for self-knowledge based on the model. Third, we run an experiment to test the model’s main predictions in a context where the researcher knows the true underlying characteristics. The data confirm the model’s predictions as well as the estimator’s validity. Finally, we turn to a large panel data set, estimate individual levels of self-knowledge, and show that accounting for differences in self-knowledge significantly increases the explanatory power of regression models. Using a median split in self-knowledge and regressing risky behaviors on self-reported risk attitudes, we find that the R2 can be multiple times larger for above- than below-median subjects. Similarly, gender differences in risk attitudes are considerably larger when restricting samples to subjects with high self-knowledge. These examples illustrate how using the estimator may improve inference from survey data. |
| 主题 | Public Economics |
| 关键词 | Survey research Rational inattention Lab experiment Non-cognitive skills Preferences |
| URL | https://cepr.org/publications/dp16345 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545309 |
| 推荐引用方式 GB/T 7714 | Armin Falk,Thomas Neuber,Philipp Strack. DP16345 Limited Self-knowledge and Survey Response Behavior. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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