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Testing consumer theory: evidence from a natural field experiment
[working paper]
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Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior o... view more
We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive margins, can be rationalized within a standard neoclassical choice model in which individuals have preferences, defined over own consumption and their contribution towards the charitable good, satisfying the axioms of revealed preference.... view less
Classification
Basic Research, General Concepts and History of Economics
Free Keywords
natural field experiment; revealed preference
Document language
English
Publication Year
2017
City
Berlin
Page/Pages
16, 9 p.
Series
Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels, SP II 2017-309
Handle
https://hdl.handle.net/10419/170711
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications