| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16791 |
| 来源ID | Working Paper 16791 |
| Who Is (More) Rational? | |
| Syngjoo Choi; Shachar Kariv; Wieland Müller; Dan Silverman | |
| 发表日期 | 2011-02-18 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Revealed preference theory offers a criterion for decision-making quality: if decisions are high quality then there exists a utility function that the choices maximize. We conduct a large-scale field experiment that enables us to test subjects' choices for consistency with utility maximization and to combine the experimental data with a wide range of individual socioeconomic information for the subjects. There is considerable heterogeneity in subjects' consistency scores: high-income and high-education subjects display greater levels of consistency than low-income and low-education subjects, men are more consistent than women, and young subjects are more consistent than older subjects. We also find that consistency with utility maximization is strongly related to wealth: a standard deviation increase in the consistency score is associated with 15-19 percent more wealth. This result conditions on socioeconomic variables including current income, education, and family structure, and is little changed when we add controls for past income, risk tolerance and the results of a standard personality test used by psychologists. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics ; Households and Firms ; Economics of Information |
| URL | https://www.nber.org/papers/w16791 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574466 |
| 推荐引用方式 GB/T 7714 | Syngjoo Choi,Shachar Kariv,Wieland Müller,et al. Who Is (More) Rational?. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16791.pdf（409KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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