Context-Dependent Heterogeneous Preferences: A Comment on Barseghyan and Molinari (2023)

• Tác giả: Matias D Cattaneo, Xinwei Ma, Yusufcan Masatlioglu
• Ngôn ngữ: eng
• Ký hiệu phân loại: 155.96 Influence of restrictive environments
• Thông tin xuất bản: 2023
• Bộ sưu tập: Báo, Tạp chí
• ID: 197317

Tóm tắt

Barseghyan and Molinari (2023) give sufficient conditions for semi-nonparametric point identification of parameters of interest in a mixture model of decision-making under risk, allowing for unobserved heterogeneity in utility functions and limited consideration. A key assumption in the model is that the heterogeneity of risk preferences is unobservable but context-independent. In this comment, we build on their insights and present identification results in a setting where the risk preferences are allowed to be context-dependent.