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

Matias D. Cattaneo, Xinwei Ma, Yusufcan Masatlioglu

Research output: Contribution to journalComment/debatepeer-review

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.

Original languageAmerican English
Pages (from-to)1030-1034
Number of pages5
JournalJournal of Business and Economic Statistics
Volume41
Issue number4
DOIs
StatePublished - 2023
Externally publishedYes

ASJC Scopus subject areas

  • Statistics and Probability
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty

Keywords

  • Discrete choice
  • Random limited consideration
  • Random utility
  • Semi-nonparametric identification

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