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Revealed differences

Castillo, Marco and Freer, Mikhail (2018) 'Revealed differences.' Journal of Economic Behavior and Organization, 145. pp. 202-217. ISSN 0167-2681

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Abstract

Two individuals are said to be revealed different if their joint decisions are more distant from rationality than either of their individual decisions taken separately. We show that the revealed different relation can be used to identify preference types and therefore to evaluate the heterogeneity of preferences in a completely nonparametric way. Using experimental data from a random sample of the Dutch population, we find that 1182 individuals can be divided into 131 different preference types, men's preferences are more heterogeneous than and different from women's preferences. These results replicate in a different decision environment. Previous article in issue

Item Type: Article
Uncontrolled Keywords: Rational behavior; Heterogeneity of preferences
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 19 Sep 2019 10:29
Last Modified: 06 Jan 2022 14:04
URI: http://repository.essex.ac.uk/id/eprint/25353

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