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

Author

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  • Falk, Armin

    (University of Bonn)

  • Becker, Anke

    (University of Bonn)

  • Dohmen, Thomas

    (University of Bonn)

  • Huffman, David B.

    (University of Pittsburgh)

  • Sunde, Uwe

    (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

  • Falk, Armin & Becker, Anke & Dohmen, Thomas & Huffman, David B. & Sunde, Uwe, 2016. "The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences," IZA Discussion Papers 9674, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp9674
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    More about this item

    Keywords

    experiment; preference measurement; survey validation;
    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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