Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185400
Authors: 
Chapman, Jonathan
Dean, Mark
Ortoleva, Pietro
Snowberg, Erik
Camerer, Colin
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper 7202
Abstract: 
We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S. population. Our data show a clear and relatively simple structure underlying the correlations between these measures. Using principal components analysis, we reduce the 21 variables to six components corresponding to clear clusters of high correlations. We examine the relationship between these components, cognitive ability, and demographics, and discuss the theoretical implications of the structure we uncover.
Subjects: 
econographics
reciprocity
altruism
trust
costly third-party punishment
inequality aversion
risk aversion
common-ratio effect
endowment effect
ambiguity aversion
compound lottery aversion
discounting
overconfidence
cognitive ability
demographics
JEL: 
C90
D64
D81
D90
D91
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.