Bounding Preference Parameters under Different Assumptions about Beliefs: a Partial Identification Approach

Charles Bellemare (), Luc Bissonnette and Sabine Kröger ()

Cahiers de recherche from CIRPEE

Abstract: We show how bounds around preferences parameters can be estimated under various levels of assumptions concerning the beliefs of senders in the investment game. We contrast these bounds with point estimates of the preference parameters obtained using non-incentivized subjective belief data. Our point estimates suggest that expected responses and social preferences both play a significant role in determining investment in the game. Moreover, these point estimates fall within our most reasonable bounds. This suggests that credible inferences can be obtained using non-incentivized beliefs.

Keywords: Partial identification; preferences; beliefs; decision making under uncertainty (search for similar items in EconPapers)
JEL-codes: C81 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cbe, nep-ecm, nep-exp and nep-upt
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Citations: View citations in EconPapers (9)

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Journal Article: Bounding preference parameters under different assumptions about beliefs: a partial identification approach (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:lacicr:1017

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