References
Abdellaoui, M. (2000). “Parameter-free elicitation of utility and probability weighting functions,” Management Science, 46(11), 1497–1512.
Delavande, Adeline and van der Klaauw, Wilbert and Winter, Joachim and Zafar, Basit (2022). Introduction to the Journal of Econometrics Annals Issue on “Subjective Expectations and Probabilities in Economics,” Journal of Econometrics, 231(1), 1–2.
Ahn, D., Choi, S., Gale, D., and Kariv, S. (2014). “Estimating ambiguity aversion in a portfolio choice experiment,” Quantitative Economics, 5(2), 195–223.
Akerlof, G. A. (1982). “Labor contracts as partial gift exchange,” The Quarterly Journal of Economics, 97(4), 543–569.
Andersen, S., Harrison, G. W., Lau, M. I., and Rutström, E. E. (2008). “Eliciting risk and time preferences,” Econometrica, 76(3), 583–618.
Andreoni, J., and Miller, J. (2002). “Giving according to GARP, an experimental test of the consistency of preferences for altruism,” Econometrica, 70, 737–753.
Apesteguia, J., and Ballester, M. A. (2018). “Monotone stochastic choice models: The case of risk and time preferences,” Journal of Political Economy, 126(1), 74–106.
Baillon, A., and Bleichrodt, H. (2015). “Testing ambiguity models through the measurement of probabilities for gains and losses,” American Economic Journal: Microeconomics, 7(2), 77–100.
Bajari, P., and Hortacsu, A. (2005). “Are structural estimates of auction models reasonable? Evidence from experimental data,” Journal of Political Economy, 113(4), 703–741.
Bardsley, N., and Moffatt, P. G. (2007). “The experimetrics of public goods: Inferring motivations from contributions,” Theory and Decision, 62(2), 161–193.
Barsky, R. B., Juster, F. T., Kimball, M. S., and Shapiro, M. D. (1997). “Preference parameters and behavioral heterogeneity: An experimental approach in the health and retirement study,” The Quarterly Journal of Economics, 112(2), 537–579.
Batley, R. (2008). “On ordinal utility, cardinal utility and random utility,” Theory and Decision, 64(1), 37–63.
Battigalli, P., and Dufwenberg, M. (2007). “Guilt in games,” American Economic Review, 97(2), 170–176.
Battigalli, P., and Dufwenberg, M. (2022). “Belief-dependent motivations and psychological game theory,” Journal of Economic Literature, 60(3), 833–882.
Bauer, D., and Wol, I. (2018). “Biases in beliefs: Experimental evidence,” TWI Research Paper Series, No. 109.
Bellemare, C., Bissonnette, L., and Kröger, S. (2010). “Bounding preference parameters under different assumptions about beliefs: A partial identification approach,” Experimental Economics, 13(3), 334–345.
Bellemare, C., Bissonnette, L., and Kröger, S. (2012). “Flexible approximation of subjective expectations using probability questions,” Journal of Business and Economic Statistics, 30, 125–131.
Bellemare, C., Kröger, S., and Sossou, K. M. (2018). “Reporting probabilistic expectations with dynamic uncertainty about possible distributions,” Journal of Risk and Uncertainty, 57(2), 153–176.
Bellemare, C., Kröger, S., and Sossou, K. M. (2020). “Optimal frequency of portfolio evaluation in a choice experiment with ambiguity and loss aversion,” Journal of Econometrics Vol. 231, Issue 1, November 2022, 248–264.
Bellemare, C., Kröger, S., and van Soest, A. (2008a). “Measuring inequity aversion in a heterogeneous population using experimental decisions and subjective probabilities,” Econometrica, 76, 815–839.
Bellemare, C., Kröger, S., and van Soest, A. (2008b). “Preferences, intentions, and expectations violations: A large-scale experiment with a representative subject pool,” Journal of Economic Behavior and Organization, 78, 349–365.
Bellemare, C., and Sebald, A. (2022). “Measuring belief-dependent preferences without data on beliefs,” Review of Economic Studies, forthcoming 0034–6527, https://doi.org/10.1093/restud/rdac023. Bellemare, C., Sebald, A., and Strobel, M. (2008). “Measuring the willingness to pay to avoid guilt: Estimation using equilibrium and stated belief models,” Journal of Applied Econometrics, 26, 437–453.
Bellemare, C., Sebald, A., and Suetens, S. (2017). “A note on testing guilt aversion,” Games and Economic Behavior, 102, 233–239.
Bellemare, C., Sebald, A., and Suetens, S. (2018). “Heterogeneous guilt sensitivities and incentive effects,” Experimental Economics, 21(2), 316–336.
Bellemare, C., and Shearer, B. (2009). “Gift giving and worker productivity: Evidence from a firm level experiment,” Games and Economic Behavior, 67, 233–244.
Bellemare, C., and Shearer, B. (2011). “On the relevance and composition of gifts within the firm: Evidence from field experiments,” International Economic Review, 52, 855–882.
Berg, J., Dickhaut, J., and McCabe, K. (1995). “Trust, reciprocity, and social history,” Games and Economic Behavior, 10(1), 122–142.
Bolton, G. E., and Ockenfels, A. (2000). “ERC: A theory of equity, reciprocity, and competition,” American Economic Review, 90(1), 166–193.
Brandts, J., and Charness, G. (2011). “The strategy versus the direct-response method: A first survey of experimental comparisons,” Experimental Economics, 14(3), 375–398.
Breunig, C., Huck, S., Schmidt, T., and Weizsäcker, G. (2021). “The standard portfolio choice problem in Germany,” The Economic Journal, Vol. 131, Issue 638, August 2021, 2413–2446.
Bruhin, A., Fehr, E., and Schunk, D. (2019). “The many faces of human sociality: Uncovering the distribution and stability of social preferences,” Journal of the European Economic Association, 17(4), 1025–1069.
Bruhin, A., Fehr-Duda, H., and Epper, T. (2010). “Risk and rationality: Uncovering heterogeneity in probability distortion,” Econometrica, 78(4), 1375–1412.
Bruine, de Bruin, W., Fischhoff, B., Halpern-Felsher, B., and Millstein, S. (2000). “Expressing epistemic uncertainty: It’sa fifty-fifty chance,” Organizational Behavior and Human Decision Processes, 81(1), 115–131.
Bruyn, A. D., and Bolton, G. E. (2008). “Estimating the influence of fairness on bargaining behavior,” Management Science, 54, 1774–1791.
Camerer, C. F., and Ho, T.-H. (1994). “Violations of the betweenness axiom and nonlinearity in probability,” Journal of Risk and Uncertainty, 8(2), 167–196.
Cappelen, A., Hole, A. D., Sørensen, E., and Tundoggen, B. (2007). “The pluralism of fairness ideals: An experimental approach,” American Economic Review, 97, 818–827.
Charness, G., and Rabin, M. (2002). “Understanding social preferences with simple tests,” The Quarterly Journal of Economics, 117(3), 817–869.
Conte, A., and Hey, J. D. (2013). “Assessing multiple prior models of behaviour under ambiguity,” Journal of Risk and Uncertainty, 46(2), 113–132.
Conte, A., Hey, J. D., and Moffatt, P. G. (2011). “Mixture models of choice under risk,” Journal of Econometrics, 162, 79–88.
Conte, A., and Moffatt, P. (2014). “The econometric modelling of social preferences,” Theory and Decision, 76, 119–145.
Conte, A., Moffatt, P. G., Botti, F., Di Cagno, D. T., and d’Ippoliti, C. (2012). “A test of the rational expectations hypothesis using data from a natural experiment,” Applied Economics, 44(35), 4661–4678.
Costa-Gomes, M. A., Huck, S., and Weizsäcker, G. (2014). “Beliefs and actions in the trust game: Creating instrumental variables to estimate the causal effect,” Games and Economic Behavior, 88, 298–309.
Cox, J. C. (2004). “How to identify trust and reciprocity,” Games and Economic Behavior, 46(2), 260–281.
Cox, J. C., Friedman, D., and Gjerstad, S. (2007). “A tractable model of reciprocity and fairness,” Games and Economic Behavior, 59(1), 17–45.
Cubitt, R., Van De Kuilen, G., and Mukerji, S. (2020). “Discriminating between models of ambiguity attitude: A qualitative test,” Journal of the European Economic Association, 18(2), 708–749.
Delavande, A., and Zafar, B. (2019). “University choice: The role of expected earnings, nonpecuniary outcomes, and financial constraints,” Journal of Political Economy, 127(5), 2343–2393.
DellaVigna, S. (2018). “Structural behavioral economics,” in Bernheim, B. D., DellaVigna, S., and Laibson, D. (eds.), Handbook of behavioral economics: Applications and foundations 1, vol. 1, pp. 613–723. Elsevier.
Dominitz, J. (2001). “Estimation of income expectations models using expectations and realization data,” Journal of Econometrics, 102(2), 165–195.
Dominitz, J., and Manski, C. F. (1996). “Eliciting student expectations of the returns to schooling,” Journal of Human Resources, vol. 31, 1–26.
Duflo, E., Hanna, R., and Ryan, S. P. (2012). “Incentives work: Getting teachers to come to school,” American Economic Review, 102(4), 1241–1278.
Dufwenberg, M., and Kirchsteiger, G. (2004). “A theory of sequential reciprocity,” Games and Economic Behavior, 47(2), 268–298.
Dyer, D., Kagel, J. H., and Levin, D. (1989). “Resolving uncertainty about the number of bidders in independent private-value auctions: An experimental analysis,” The RAND Journal of Economics, vol. 20, 268–279.
Ellingsen, T., Johannesson, M., Tjøtta, S., and Torsvik, G. (2010). “Testing guilt aversion,” Games and Economic Behavior, 68(1), 95–107.
Ellsberg, D. (1961). “Risk, ambiguity, and the savage axioms,” The Quarterly Journal of Economics, vol. 75, 643–669.
Engelberg, J., Manski, C. F., and Williams, J. (2009). “Comparing the point predictions and subjective probability distributions of professional forecasters,” Journal of Business & Economic Statistics, 27(1), 30–41.
Engelmann, D., and Strobel, M. (2004). “Inequality aversion, efficiency, and maximin preferences in simple distribution experiments,” American Economic Review, 94(4), 857–869.
Fechner, G. T. (1860). Elemente der psychophysik, vol. 2. Breitkopf & Härtel.
Fehr, E., Kirchsteiger, G., and Riedl, A. (1993). “Does fairness prevent market clearing? An experimental investigation,” The Quarterly Journal of Economics, 108(2), 437–459.
Fehr, E., and Schmidt, K. M. (1999). “A theory of fairness, competition, and cooperation,” The Quarterly Journal of Economics, 114(3), 817–868.
Gilboa, I., and Schmeidler, D. (1989). “Maxmin expected utility with non-unique prior,” Journal of Mathematical Economics, 18(2), 141–153.
Giustinelli, P., Manski, C. F., and Molinari, F. (2022). “Precise or imprecise probabilities? Evidence from survey response related to late-onset dementia,” Journal of the European Economic Association vol. 20, pp. 187–221.
Gneezy, U., and List, J. A. (2006). “Putting behavioral economics to work: Testing for gift exchange in labor markets using field experiments,” Econometrica, 74(5), 1365–1384.
Goldstein, W. M., and Einhorn, H. J. (1987). “Expression theory and the preference reversal phenomena,” Psychological Review, 94(2), pp. 236–254.
Greene, W. H. (2003). Econometric analysis, 8th ed. Pearson Education India.
Greene, W. H. (2017). Econometric analysis, 8th ed. Pearson Education India.
Grimm, K. J., Houpt, R. and Rodgers, D. (2021) Model Fit and Comparison in Finite Mixture Models: A Review and a Novel Approach. Front. Educ. 6:613645. doi: 10.3389/feduc.2021.613645 Hey, J. D., Lotito, G., and Maffioletti, A. (2010). “The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity,” Journal of Risk and Uncertainty, 41(2), 81–111.
Hey, J. D., and Orme, C. (1994). “Investigating generalizations of expected utility theory using experimental data,” Econometrica: Journal of the Econometric Society, vol. 62 1291–1326.
Holt, C. A., and Laury, S. K. (2002). “Risk aversion and incentive effects,” American Economic Review, 92(5), 1644–1655.
Holt, C. A., and Laury, S. K. (2014). “Assessment and estimation of risk preferences,” in Machina, M. J. and Viscusi, W. K. (eds.), Handbook of the economics of risk and uncertainty, vol. 1, pp. 135–201. North-Holland.
Hurwicz, L. (1951). “Some specification problems and applications to econometric models,” Econometrica, 19(3), 343–344.
Keane, M. (2010). “Structural vs. atheoretic approaches to econometrics,” Journal of Econometrics, 156, 3–20.
Khalmetski, K. (2016). “Testing guilt aversion with an exogenous shift in beliefs,” Games and Economic Behavior, 97, 110–119.
Kimball, M. S., Sahm, C. R., and Shapiro, M. D. (2008). “Imputing risk tolerance from survey responses,” Journal of the American Statistical Association, 103(483), 1028–1038.
Klibanoff, P., Marinacci, M., and Mukerji, S. (2005). “A smooth model of decision making under ambiguity,” Econometrica, 73(6), 1849–1892.
Kothiyal, A., Spinu, V., and Wakker, P. P. (2014). “An experimental test of prospect theory for predicting choice under ambiguity,” Journal of Risk and Uncertainty, 48(1), 1–17.
Kreps, D. M., and Porteus, E. L. (1978). “Temporal resolution of uncertainty and dynamic choice theory,” Econometrica: vol. 46, 185–200.
Kube, S., Maréchal, M. A., and Puppe, C. (2012). “The currency of reciprocity: Gift exchange in the workplace,” American Economic Review, 102(4), 1644–1662.
Kube, S., Maréchal, M. A., and Puppe, C. (2013). “Do wage cuts damage work morale? Evidence from a natural field experiment,” Journal of the European Economic Association, 11(4), 853–870.
Lever, J., Krzywinski, M., and Altman, N. (2016). “Points of significance: Model selection and overfitting,” Nature Methods, 13(9), 703–705.
Li, Q., and Racine, J. S. (2007). Nonparametric econometrics: Theory and practice. Princeton University Press.
Low, H., and Meghir, C. (2017). “The use of structural models in econometrics,” Journal of Economic Perspectives, 31(2), 33–58.
Luce, D. (1959). Individual choice behavior. John Wiley.
Manski, C. F. (2002). “Identification of decision rules in experiments on simple games of proposal and response,” European Economic Review, 46(4–5), 880–891.
Manski, C. F. (2004). “Measuring expectations,” Econometrica, 72(5), 1329–1376.
Manski, Charles F and Molinari, Francesca. Rounding probabilistic expectations in surveys, Journal of Business & Economic Statistics, 28(2), 219–231.
McFadden, D., and Train, K. (2000). “Mixed MNL models for discrete response,” Journal of Applied Econometrics, 15(5), 447–470.
McLachlan, G. J., Lee, S. X., and Rathnayake, S. I. (2019). “Finite mixture models,” Annual Review of Statistics and its Application, 6, 355–378.
Nevo, A., and Whinston, M. (2010). “Taking the dogma out of econometrics: Structural modeling and credible inference,” Journal of Economic Perspectives, 24, 69–82.
Nyarko, Y., and Schotter, A. (2002). “An experimental study of belief learning using elicited beliefs,” Econometrica, 70(3), 971–1005.
Paarsch, H. J., and Shearer, B. (2000). “Piece rates, fixed wages, and incentive effects: Statistical evidence from payroll records,” International Economic Review, 41(1), 59–92.
Paarsch, H. J., and Shearer, B. S. (1999). “The response of worker effort to piece rates: Evidence from the British Columbia tree-planting industry,” Journal of Human Resources, vol. 34 643–667.
Paul Schultz, T. (2004). “School subsidies for the poor: Evaluating the Mexican Progresa poverty program,” Journal of Development Economics, 74(1), 199–250.
Quiggin, J. (1982). “A theory of anticipated utility,” Journal of Economic Behavior and Organization, 3(4), 323–343.
Rabin, M. (1993). “Incorporating fairness into game theory and economics,” The American Economic Review, 1281–1302.
Revelt, D., and Train, K. (1998). “Mixed logit with repeated choices: Households’ choices of appliance efficiency level,” Review of Economics and Statistics, 80(4), 647–657.
Rust, J. (2010). “Comments on: Structural vs. atheoretic approaches to econometrics by Michael Keane,” Journal of Econometrics, 156(1), 21–24.
Shearer, B. (2004). “Piece rates, fixed wages and incentives: Evidence from a field experiment,” Review of Economic Studies, 71, 513–534.
StataCorp, L. (2021). Stata choice models reference manual. Release 17 Stata Press.
Todd, P. E., and Wolpin, K. I. (2006). “Assessing the impact of a school subsidy program in Mexico: Using a social experiment to validate a dynamic behavioral model of child schooling and fertility,” American Economic Review, 96(5), 1384–1417.
Train, K. E. (1998). “Recreation demand models with taste differences over people,” Land Economics, 230–239.
Train, K. E. (2008). “EM algorithms for nonparametric estimation of mixing distributions,” Journal of Choice Modelling, 1(1), 40–69.
Train, K. E. (2009). Discrete choice methods with simulation. Cambridge University Press.
Von Gaudecker, H.-M., Van Soest, A., and Wengstrom, E. (2011). “Heterogeneity in risky choice behavior in a broad population,” American Economic Review, 101(2), 664–694.
Wakker, P. P. (2010). Prospect theory: For risk and ambiguity. Cambridge University Press.
Wik, M., Aragie Kebede, T., Bergland, O., and Holden, S. T. (2004). “On the measurement of risk aversion from experimental data,” Applied Economics, 36(21), 2443–2451.
Wilcox, N. T. (2011). ‘ “Stochastically more risk averse:’ A contextual theory of stochastic discrete choice under risk,” Journal of Econometrics, 162(1), 89–104.
Wooldridge, J. M. (2010). Econometric analysis of cross section and panel data, 2nd ed. MIT Press.
