Eliciting Subjective Expectations in Internet Surveys

45 Pages Posted: 30 Jun 2008

See all articles by Adeline Delavande

Adeline Delavande

New University of Lisbon - Faculdade de Economia

Susann Rohwedder

RAND Corporation

Date Written: June 26, 2008

Abstract

Individuals' subjective expectations are important in explaining heterogeneity in individual choices, but their elicitation poses challenges. In this paper, the authors present their findings from testing an innovative visual representation of an Internet survey in the context of individuals' Social Security expectations. Respondents were randomly divided into two groups: Half were administered the standard "percent chance" format; half were asked to allocate a total of 20 balls across seven bins to express what they believe the chances to be that their future Social Security benefits would fall into any one of those bins. The authors found that the main advantage of the visual format is that it generates usable answers for virtually all respondents. This suggests that the visual format is a viable alternative that leads to more complete data.

Keywords: subjective expectations, web survey, social security

JEL Classification: C42, C81, D83, D84, D91

Suggested Citation

Delavande, Adeline and Rohwedder, Susann, Eliciting Subjective Expectations in Internet Surveys (June 26, 2008). RAND Working Paper Series WR-589, Available at SSRN: https://ssrn.com/abstract=1151961 or http://dx.doi.org/10.2139/ssrn.1151961

Adeline Delavande (Contact Author)

New University of Lisbon - Faculdade de Economia ( email )

Campus de Campolide
Lisboa, 1099-032
Portugal
+35 1 21 380 16 00 (Phone)
+35 1 21 387 09 33 (Fax)

HOME PAGE: http://docentes.fe.unl.pt/~adeline/page2.html

Susann Rohwedder

RAND Corporation ( email )

P.O. Box 2138
1776 Main Street
Santa Monica, CA 90407-2138
United States

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