Abstract
We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive margins, can be rationalized within a standard neoclassical choice model in which individuals have preferences, defined over own consumption and their contribution towards the charitable good, satisfying the axioms of revealed preference.
Dokumententyp: | Paper |
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Keywords: | natural field experiment; revealed preference |
Fakultät: | Volkswirtschaft > Collaborative Research Center Transregio "Rationality and Competition" |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
JEL Classification: | C93, D01, D12, D64 |
URN: | urn:nbn:de:bvb:19-epub-58066-2 |
Sprache: | Englisch |
Dokumenten ID: | 58066 |
Datum der Veröffentlichung auf Open Access LMU: | 27. Sep. 2018, 13:56 |
Letzte Änderungen: | 04. Nov. 2020, 13:37 |