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

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS ACS Applied Bio Materials Pub Date : 2023-10-02 DOI:10.1080/07350015.2023.2216740
Matias D. Cattaneo, Xinwei Ma, Yusufcan Masatlioglu
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Abstract

Abstract–Barseghyan and Molinari 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.KEYWORDS: Discrete choiceRandom limited considerationRandom utilitySemi-nonparametric identification AcknowledgmentsWe thank Francesca Molinari and the participants at the 2023 ASSA meetings (JBES Session: Risk Preference Types, Limited Consideration, and Welfare) for comments.Disclosure StatementThe authors report there are no competing interests to declare.Additional informationFundingCattaneo gratefully acknowledges financial support from the National Science Foundation through grants SES-1947805 and SES-2241575.
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语境依赖的异质性偏好:对Barseghyan和Molinari(2023)的评析
barseghyan和Molinari给出了风险下决策混合模型中感兴趣参数的半非参数点识别的充分条件,允许效用函数的未观察到异质性和有限的考虑。该模型的一个关键假设是,风险偏好的异质性是不可观察的,但与环境无关。在这篇评论中,我们以他们的见解为基础,并在允许风险偏好与上下文相关的环境中呈现识别结果。我们感谢Francesca Molinari和2023年ASSA会议(JBES会议:风险偏好类型、有限考虑和福利)的参与者提供的意见。声明作者报告无竞争利益需要申报。cataneo感谢国家科学基金会通过SES-1947805和SES-2241575拨款提供的财政支持。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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