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Preference heterogeneity in experiments: Comparing the field and laboratory

Lookup NU author(s): Professor Morten Lau

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Abstract

Do laboratory experiments provide a reliable basis for measuring field preferences? Economists recognize that preferences can differ across individuals. but only a few attempts have been made to elicit individual preferences for representative samples of a population in a particular geographical area, region or country Our primary objective is to directly compare estimates of preferences elicited from a convenience sample anti the estimates for the wider population from which that sample is drawn We examine the strengths and weaknesses of laboratory and field experiments to detect differences in preferences over risk and time that are associated with standard, observable characteristics of the individual (C) 2009 Elsevier B.V. All rights reserved.

Publication metadata

Author(s): Andersen S, Harrison GW, Lau MI, Rutstrom EE

Publication type: Article

Publication status: Published

Journal: Journal of Economic Behavior & Organization

Year: 2010

Volume: 73

Issue: 2

Pages: 209-224

Date deposited: 22/07/2010

ISSN (print): 0167-2681

ISSN (electronic):

Publisher: Elsevier BV

URL: http://dx.doi.org/10.1016/j.jebo.2009.09.006

DOI: 10.1016/j.jebo.2009.09.006

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