De Gustibus Non Est Disputandum: An Experimental Investigation

34 Pages Posted: 25 Oct 2014

See all articles by Utteeyo Dasgupta

Utteeyo Dasgupta

Wagner College-Department of Economics

Lata Gangadharan

University of Melbourne - Department of Economics

Pushkar Maitra

Monash University - Department of Economics

Subha Mani

Fordham University - Fordham College at Rose Hill

Abstract

The goal of this paper is to examine stability in preferences using the Stigler-Becker state-dependent framework. Using a randomized intervention that changes the opportunity sets of individuals we construct a unique panel data from an artefactual field experiment and evaluate whether the change in the state space influences our selected indicators of preferences: risk, competitiveness, and confidence. We find that there is considerable heterogeneity of preferences across individuals at a point in time; risk and competitive preferences inter-temporally are consistent with state-dependent preferences, while measures of confidence seem to depend on past experiences.

Keywords: preference stability, state contingent preferences, artefactual field experiment

JEL Classification: C9, D01, D03

Suggested Citation

Dasgupta, Utteeyo and Gangadharan, Lata and Maitra, Pushkar and Mani, Subha, De Gustibus Non Est Disputandum: An Experimental Investigation. IZA Discussion Paper No. 8579. Available at SSRN: https://ssrn.com/abstract=2514772

Utteeyo Dasgupta (Contact Author)

Wagner College-Department of Economics ( email )

Staten Island, NY 10301
United States

HOME PAGE: http://https://sites.google.com/site/utteeyodasgupta/

Lata Gangadharan

University of Melbourne - Department of Economics ( email )

Victoria, 3010
Australia
+61 3 9344 5408 (Phone)
61 3 8344 6899 (Fax)

Pushkar Maitra

Monash University - Department of Economics ( email )

Wellington Road
Clayton, Victoria 3
Australia
61 3 9905 5832 (Phone)
61 3 9905 5476 (Fax)

Subha Mani

Fordham University - Fordham College at Rose Hill ( email )

United States

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