Preference Parameters and Behavioral Heterogeneity: an Experimental Approach in the Health and Retirement Study

Abstract

This paper reports measures of preference parameters relating to risk tolerance, time preference, and intertemporal substitution. These measures are based on survey responses to hypothetical situations constructed using an economic theorist's concept of the underlying parameters. The individual measures of preference parameters display heterogeneity… (More)

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@inproceedings{Barsky1993PreferencePA, title={Preference Parameters and Behavioral Heterogeneity: an Experimental Approach in the Health and Retirement Study}, author={Robert B. Barsky and F. Thomas Juster and Miles S. Kimball and Matthew D. Shapiro and Carlos Quintanilla and John Campbell and L. Katz and Robert J. Shiller and Richard Thaler}, year={1993} }