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The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences

Author

Listed:
  • Armin Falk

    () (Universität Bonn)

  • Anke Becker

    () (Bonn Graduate School of Economics)

  • Thomas Dohmen

    () (Universität Bonn)

  • David Huffman

    () (University of Pittsburgh)

  • Uwe Sunde

    () (University of Munich)

Abstract

This paper presents an experimentally validated survey module to measure six key economic preferences { risk aversion, discounting, trust, altruism, positive and negative reciprocity in a reliable, parsimonious and cost-effective way. The survey instruments included in the module were the best predictors of preferences revealed in incentivized choice experiments. We also offer a streamlined version of the module that has been optimized and piloted for applications where time efficiency and simplicity are paramount, such as international telephone surveys.

Suggested Citation

  • Armin Falk & Anke Becker & Thomas Dohmen & David Huffman & Uwe Sunde, 2016. "The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences," Working Papers 2016-003, Human Capital and Economic Opportunity Working Group.
  • Handle: RePEc:hka:wpaper:2016-003
    Note: IP
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    More about this item

    Keywords

    survey validation; experiment; preference measurement;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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