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De Gustibus Non Est Disputandum: An Experimental Investigation

Dasgupta, Utteeyo and Gangadharan, Lata and Maitra, Pushkar and Mani, Subha (2014): De Gustibus Non Est Disputandum: An Experimental Investigation.

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Abstract

The goal of this paper is to examine stability in preferences using the Stigler- Becker state-dependent framework. Using a randomized intervention that changes the opportunity sets of individuals we construct a unique panel data from an artefactual field experiment and evaluate whether the change in the state space influences our selected indicators of preferences: risk, competitiveness, and confidence. We find that there is considerable heterogeneity of preferences across individuals at a point in time; risk and competitive preferences inter-temporally are consistent with state-dependent preferences, while measures of confidence seem to depend on past experiences.

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