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Bounding preference parameters under different assumptions about beliefs: a partial identification approach

  • Charles Bellemare

    ()

  • Luc Bissonnette

    ()

  • Sabine Kröger

    ()

We show how bounds around preferences parameters can be estimated under various levels of assumptions concerning the beliefs of senders in the investment game. We contrast these bounds with point estimates of the preference parameters obtained using non-incentivized subjective belief data. Our point estimates suggest that expected responses and social preferences both play a significant role in determining investment in the game. Moreover, these point estimates fall within our most reasonable bounds. This suggests that credible inferences can be obtained using non-incentivized beliefs.

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File URL: http://hdl.handle.net/10.1007/s10683-010-9244-6
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Article provided by Springer in its journal Experimental Economics.

Volume (Year): 13 (2010)
Issue (Month): 3 (September)
Pages: 334-345

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Handle: RePEc:kap:expeco:v:13:y:2010:i:3:p:334-345
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102888

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