Erik Snowberg, California Institute of Technology
Erik Snowberg, California Institute of Technology
"Econographics: Towards A Refined Representation of Behavioral Economics"
"Econographics: Towards A Refined Representation of Behavioral Economics"
As economists increasingly to research based on surveys and field experiments it becomes both feasible, and useful for external validity, to create a behavioral profile of subjects in the research. However, given the plethora of behavioral measures, what are the most useful to commonly elicit across studies? This project brings us closer to such a battery of measures, which we call econographics, by examining data on many incentivized behavioral measures from a representative sample of 1,000 US adults. We document empirical relationships between many of these measures, enabling a smaller dimensional representation of risk, social, and time preferences, as well as overconfidence measures, strategic sophistication, and cognitive measures. We show these empirical dimension contain information that goes far beyond typical demographics.