Does experience modulate elicited risk preferences? How does experience shape expectations? This paper provides evidence that investors’ own experiences play a key role in shaping revealed risk preferences and the weighting of past observations when forming expectations. The results suggest that experiencing severe negative or positive returns leads subjects’ revealed preferences to become clos...

In a recent article, Bilancini (2011) demonstrates that assuming either pricedependent preferences or preferences that depend on the choices of other individuals can render the theory of revealed preference effectively unusable. Some readers might be tempted to infer that economists had better avoid such assumptions. In this note, we argue against that conclusion in favor of a less categorical ...

The present paper attempts to bring further evidence on the behavioral gap for organic food in Britain. The stated preferences are analyzed with the contingent valuation method while the revealed preferences are estimated with the hedonic pricing method. We find a small but significant gap in the premium for organic food between stated and revealed preferences. This gap may suggest a need for p...

The distinction between concrete and abstract concepts is psychologically valid but so far it can hardly be quantified in any objective way, which prevents it from being further studied in computational linguistics. This paper proposes a systematic way to measure concreteness from the surface structure of dictionary definitions. Comparing the scores from WordNet definitions with human ratings, ...

In most developed countries, gender equality and neutrality have been widely promoted and embraced— through public policy—as a socio-cultural goal since at least the mid-twentieth century. Accordingly, we predicted that a population of highly educated youth from a relatively wealthy developed country (mostly students from a Canadian university) would display little or no significant gender bias...

Food manufacturers need to understand the taste preferences of their consumers in order to develop successful new products. The existence of consumer segments that differ in systematic ways in their taste preferences can have important implications for product development. Rather than developing a product to please all potential consumers, the manufacturer may decide to optimize the product for...

Background The preferences of Iranians concerning the attributes of health insurance benefit packages are not well studied. This study aimed to elicit health insurance preferences among insured people in Iran during 2016.   Methods A mixed method...

The ability of agent-based models (ABMs) to represent heterogeneity in the characteristics and behaviors of actors enables analyses about the implications of this heterogeneity for system behavior. The importance of heterogeneity in the specification of ABMs, however, creates new demands for empirical support. An earlier analysis of a survey of residential preferences within southeastern Michig...

We provide revealed preference axioms that characterize models of translation invariant preferences. In particular, we characterize the models of variational, maxmin, CARA and CRRA utilities. In each case we present a revealed preference axiom that is satisfied by a dataset if and only if the dataset is consistent with the corresponding utility representation. Our results complement traditional...

This study assessed 96 law school students’ preferences for online, hybrid, or traditional learning environments, and their reasons for these preferences, learning strategies, and motivational orientations. A discriminant analysis revealed that non-traditional learning environment familiarity, self-efficacy, and employment status were the strongest predictors of preferences for non-traditional ...