Freedom counts: Cross-country empirical evidence

João Ferreira (), Nobuyuki Hanaki, Fabrice Le Lec, Erik Schokkaert and Benoît Tarroux ()
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João Ferreira: University of Southampton
Benoît Tarroux: UL2 - Université Lumière - Lyon 2, GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique

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Abstract: We investigate whether people attach intrinsic value to freedom and which theoretical rules they implicitly employ to evaluate opportunity sets. To do this, we run a new survey-based study with 4,902 participants across 10 different countries. Our main result is that an overwhelming majority of subjects \textit{reveal} attaching intrinsic value to freedom. We also find that a large majority of subjects use size-based rules to rank sets in terms of freedom, while there is considerable heterogeneity in the theoretical rules they employ to rank sets in terms of welfare. These results are strikingly robust across countries.

Keywords: Freedom of choice; Welfare; Intrinsic value; Opportunity set; Cross-cultural survey (search for similar items in EconPapers)
Date: 2023-11-01
Note: View the original document on HAL open archive server: https://hal.science/hal-04607871v1
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Working Paper: FREEDOM COUNTS: CROSS-COUNTRY EMPIRICAL EVIDENCE (2023)
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