Demographics and Behaviour
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
Volume (Year): 8 (2005)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/10683/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:kap:expeco:v:8:y:2005:i:3:p:217-232. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.