Measuring Economic Propensities

Mariusz Doszyń ()
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Mariusz Doszyń: University of Szczecin

Chapter Chapter 6 in Neuroeconomic and Behavioral Aspects of Decision Making, 2017, pp 77-90 from Springer

Abstract: Abstract In behavioral economics there are many very interesting insights and findings. But it seems that there is a problem with the measurement of chosen aspects of behaviors. Without proper methodology it is hard to verify a hypothesis describing behavioral effects. This is why the possibility of behavior measurement based on a propensity theory is proposed. These problems are connected not only with behavioral aspects of decision making but also with the neuroeconomics. In the chapter the main features of propensity theories are discussed. A definition of propensity as well as methods useful in measuring propensities are presented. The prepared questionnaire is used to measure and analyze such economic propensities as the propensity to consume, save, invest and money storing. These propensities are tested in three ways, as declared (by respondents) propensities, as observed propensities and also as propensities deduced from preferred choices. In the last case the method consistent with the AHP (Analytic Hierarchy Process) is verified.

Keywords: Propensity theories; Measures of human propensities; Propensity to consume; Propensity to save; Propensity to invest; Propensity to money storing (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-62938-4_6

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DOI: 10.1007/978-3-319-62938-4_6

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