The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences

Armin Falk, Anke Becker (), Thomas Dohmen, David B. Huffman () and Uwe Sunde ()
Additional contact information
Anke Becker: University of Bonn
David B. Huffman: University of Pittsburgh
Uwe Sunde: University of Munich

No 9674, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper presents an experimentally validated survey module to measure six key economic preferences – risk aversion, discounting, trust, altruism, positive and negative reciprocity – in a reliable, parsimonious and cost-effective way. The survey instruments included in the module were the best predictors of preferences revealed in incentivized choice experiments. We also offer a streamlined version of the module that has been optimized and piloted for applications where time efficiency and simplicity are paramount, such as international telephone surveys.

Keywords: experiment; preference measurement; survey validation (search for similar items in EconPapers)
JEL-codes: C81 C83 C90 (search for similar items in EconPapers)
Pages: 69 pages
Date: 2016-01
New Economics Papers: this item is included in nep-cbe, nep-dcm and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (394)

Published - revised version published in: Management Science , 2023, 69 (4), 1935–195

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Related works:
Journal Article: The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences (2023)
Working Paper: The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences (2016)
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