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The Preference Survey Module: A Validated Instrument for Measuring Risk, Time, and Social Preferences

This paper presents an experimentally validated survey module to measure six key economic preferences { risk aversion, discounting, trust, altruism, positive and negative reciprocity in a reliable, parsimonious and cost-effective way. The survey instruments included in the module were the best predictors of preferences revealed in incentivized choice experiments. We also offer a streamlined version of the module that has been optimized and piloted for applications where time efficiency and simplicity are paramount, such as international telephone surveys.

Authors: 
Armin Falk, University of Bonn
Anke Becker, Bonn Graduate School of Economics
Thomas Dohmen, Universität Bonn
David Huffman, Swarthmore College
Uwe Sunde, University of Munich
Publication Date: 
February, 2016
HCEO Working Groups: 
Publication Status: 
Document Number: 
2016-003
File Description: 
First version, January, 2016