Revealed differences

Marco Castillo () and Mikhail Freer ()

Journal of Economic Behavior & Organization, 2018, vol. 145, issue C, 202-217

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.

Keywords: Rational behavior; Heterogeneity of preferences (search for similar items in EconPapers)
JEL-codes: C38 D01 D12 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167268117302998
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:145:y:2018:i:c:p:202-217

DOI: 10.1016/j.jebo.2017.10.017

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Catherine Liu ().