The Priced Survey Methodology: Theory

Avner Seror

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Abstract: In this paper, I introduce a novel methodology to conduct surveys. The priced survey methodology (PSM). Like standard surveys, priced surveys are easy to implement, and measure social preferences on numerical scales. The PSM's design draws inspiration from consumption choice experiments, as respondents fill out the same survey several times under different choice sets. I extend Afriat's theorem and show that the Generalized Axiom of Revealed Preferences is necessary and sufficient for the existence of a concave, continuous, and single-peaked utility function rationalizing answers to the PSM. I apply the PSM to a sample of online participants and show that most respondents are rational when answering the PSM. I estimate respondents' single-peaked utility functions and draw several implications on their social preferences.

Keywords: Decision Theory; Revealed Preference; Social Preferences; Behavioral Economics; Survey (search for similar items in EconPapers)
Date: 2023-11-27
Note: View the original document on HAL open archive server: https://hal.science/hal-04312338
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Related works:
Working Paper: The Priced Survey Methodology: Theory (2024)
Working Paper: The Priced Survey Methodology: Theory (2023)
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