Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77575
Authors: 
Mentzakis, Emmanouil
Zhang, Jingjing
Year of Publication: 
2012
Series/Report no.: 
Working Paper Series, Department of Economics, University of Zurich 70
Abstract: 
This study compares individual preferences across incentives (i.e., hypothetical vs. real incentives) and over time (i.e. elicitation at two different points in time) in a choice experiment involving charitable donating decisions. We provide evidence of hypothetical bias but little evidence of instability of individual giving. There is significant heterogeneity in individual preferences, with real incentives either dampening or pronouncing the observed donating behaviour. Neither hypothetical bias nor instability is observed when we examine the propensity of individuals to make internally consistent decisions over identical choices.
Subjects: 
individual preference
hypothetical bias
time inconsistency
discrete choice experiments
charitable donations
JEL: 
C91
D11
D91
H40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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