How does the ordering of questions affect elicited time preferences?
Since time preferences constitute a concept fundamental to economics, many economists have attempted to elicit time preferences by using multiple price lists. In such endeavours, however, little attention has been paid to the effect of the ordering of questions on elicited time preferences although...
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Published: |
Routledge
2017
|
| Online Access: | http://hdl.handle.net/20.500.11937/53384 |
| _version_ | 1848759131293351936 |
|---|---|
| author | Sohn, Kitae |
| author_facet | Sohn, Kitae |
| author_sort | Sohn, Kitae |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Since time preferences constitute a concept fundamental to economics, many economists have attempted to elicit time preferences by using multiple price lists. In such endeavours, however, little attention has been paid to the effect of the ordering of questions on elicited time preferences although the ordering effect is well known. We analysed a representative sample of the Indonesian population (13,870 men and 15,858 women) by applying censored maximum likelihood regressions. We exploited the randomized ordering of two series of delay questions (1- and 5-year delays) and estimated the causal effect of the ordering on elicited time preferences. Respondents who considered the longer-delay questions exhibited more patience, and the effects were larger for women. Economists need to take into account the ordering effect as they design experiments by which to elicit time and other preferences. |
| first_indexed | 2025-11-14T09:55:00Z |
| format | Journal Article |
| id | curtin-20.500.11937-53384 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:55:00Z |
| publishDate | 2017 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-533842017-12-14T00:45:21Z How does the ordering of questions affect elicited time preferences? Sohn, Kitae Since time preferences constitute a concept fundamental to economics, many economists have attempted to elicit time preferences by using multiple price lists. In such endeavours, however, little attention has been paid to the effect of the ordering of questions on elicited time preferences although the ordering effect is well known. We analysed a representative sample of the Indonesian population (13,870 men and 15,858 women) by applying censored maximum likelihood regressions. We exploited the randomized ordering of two series of delay questions (1- and 5-year delays) and estimated the causal effect of the ordering on elicited time preferences. Respondents who considered the longer-delay questions exhibited more patience, and the effects were larger for women. Economists need to take into account the ordering effect as they design experiments by which to elicit time and other preferences. 2017 Journal Article http://hdl.handle.net/20.500.11937/53384 10.1080/13504851.2017.1316476 Routledge restricted |
| spellingShingle | Sohn, Kitae How does the ordering of questions affect elicited time preferences? |
| title | How does the ordering of questions affect elicited time preferences? |
| title_full | How does the ordering of questions affect elicited time preferences? |
| title_fullStr | How does the ordering of questions affect elicited time preferences? |
| title_full_unstemmed | How does the ordering of questions affect elicited time preferences? |
| title_short | How does the ordering of questions affect elicited time preferences? |
| title_sort | how does the ordering of questions affect elicited time preferences? |
| url | http://hdl.handle.net/20.500.11937/53384 |