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Demographics and Behaviour

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  • Enrica Carbone

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Abstract

Using a unique experimental subject pool, I analyse the behaviour of subjects in a life-cycle consumption experimental task. As in previous experiments, it is clear that different subjects solve the task differently – some having strategies close to the fully optimal and others using simple heuristics. The nature of my subject pool enables me to see if there is any link between the strategies employed by the subjects and their demographic characteristics. I also explore whether the parameters in the task influence the chosen strategy. I find little systematic demographic influence. The results of the paper have an important message concerning the representativeness of typical subject pools used in economics experiments. Copyright Springer Science + Business Media, Inc. 2005

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File URL: http://hdl.handle.net/10.1007/s10683-005-1464-9
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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 8 (2005)
Issue (Month): 3 (September)
Pages: 217-232

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Handle: RePEc:kap:expeco:v:8:y:2005:i:3:p:217-232

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Web page: http://www.springerlink.com/link.asp?id=102888

Related research

Keywords: life-cycle consumption; saving; demographics; strategies; intertemporal choice;

References

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  1. T. Parker Ballinger & Michael G. Palumbo & Nathaniel T. Wilcox, 2003. "Precautionary saving and social learning across generations: an experiment," Economic Journal, Royal Economic Society, vol. 113(490), pages 920-947, October.
  2. Enrica Carbone & John D. Hey, 2004. "The effect of unemployment on consumption: an experimental analysis," Economic Journal, Royal Economic Society, vol. 114(497), pages 660-683, 07.
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Cited by:
  1. Vivi Alatas & Lisa Cameron & Ananish Chaudhuri & Nisvan Erkal & Lata Gangadharan, 2009. "Subject pool effects in a corruption experiment: A comparison of Indonesian public servants and Indonesian students," Experimental Economics, Springer, vol. 12(1), pages 113-132, March.
  2. Enrica Carbone, 2006. "Understanding intertemporal choices," Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 889-898.
  3. Fiore, Annamaria, 2009. "Experimental Economics: Some Methodological Notes," MPRA Paper 12498, University Library of Munich, Germany.
  4. Juan Camilo C�rdenas, 2009. "Experiments in Environment and Development," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 157-182, 09.

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