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Econographics

Chapman, Jonathan and Dean, Mark and Ortoleva, Pietro and Snowberg, Erik and Camerer, Colin (2018) Econographics. . (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20200327-132527874

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Abstract

We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S. population. Our data show a clear and relatively simple structure underlying the correlations between these measures. Using principal components analysis, we reduce the 21 variables to six components corresponding to clear clusters of high correlations. We examine the relationship between these components, cognitive ability, and demographics, and discuss the theoretical implications of the structure we uncover.


Item Type:Report or Paper (Working Paper)
Related URLs:
URLURL TypeDescription
https://ssrn.com/abstract=3275375SSRNWorking Paper
ORCID:
AuthorORCID
Camerer, Colin0000-0003-4049-1871
Additional Information:Written: Aug. 2018. Posted: 31 Oct 2018. CESifo Working Paper No. 7202. We thank Douglas Bernheim, Benedetto De Martino, Stefano Della Vigna, Xavier Gabaix, Daniel Gottlieb, Eric Johnson, David Laibson, Graham Loomes, Ulrike Malmandier, Matthew Rabin, Peter Wakker, Michael Woodford, and the participants of seminars and conferences for their useful comments and suggestions. Daniel Chawla provided excellent research assistance. Camerer, Ortoleva, and Snowberg gratefully acknowledge the finanancial support of NSF Grant SMA-1329195.
Funders:
Funding AgencyGrant Number
NSFSMA-1329195
Subject Keywords:econographics, reciprocity, altruism, trust, costly third-party punishment, inequality aversion, risk aversion, common-ratio effect, endowment effect, ambiguity aversion, compound lottery aversion, discounting, overconfidence, cognitive ability, demographics
Other Numbering System:
Other Numbering System NameOther Numbering System ID
CESifo Working Paper7202
Classification Code:JEL: C900, D640, D810, D900, D910
Record Number:CaltechAUTHORS:20200327-132527874
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20200327-132527874
Official Citation:Chapman, Jonathan and Dean, Mark and Ortoleva, Pietro and Snowberg, Erik and Camerer, Colin F., Econographics (2018). CESifo Working Paper No. 7202. Available at SSRN: https://ssrn.com/abstract=3275375
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:102151
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:27 Mar 2020 20:39
Last Modified:27 Mar 2020 20:39

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