Econographics / Jonathan Chapman, Mark Dean, Pietro Ortoleva, Erik Snowberg, Colin Camerer.

Format:

Book

Author/Creator:

Chapman, Jonathan.

Contributor:

National Bureau of Economic Research.

Dean, Mark.

Ortoleva, Pietro.

Snowberg, Erik.

Camerer, Colin.

Series:

Working Paper Series (National Bureau of Economic Research) no. w24931.

NBER working paper series no. w24931

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2018.

Summary:

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 and find a number of relations that partly confirm, but also add nuance, to previous findings.

Notes:

Print version record

August 2018.