The preference survey module : a validated instrument for measuring risk, time, and social preferences

Armin Falk (University of Bonn, DIW, CEPR, CESifo, INET and IZA), Anke Becker (University of Bonn), Thomas Dohmen (University of Bonn, Maastricht University, ROA, DIW and IZA)

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.

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Year of publication:	January 2016
Authors:	Falk, Armin ; Becker, Anke ; Dohmen, Thomas ; Huffman, David ; Sunde, Uwe
Publisher:	Bonn : IZA
Subject:	survey validation \| experiment \| preference measurement \| Präferenztheorie \| Theory of preferences \| Messung \| Measurement \| Experiment \| Soziale Wohlfahrtsfunktion \| Social welfare function \| Befragung \| Interview