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

Barseghyan and Molinari (2023) 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 tha...

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Bibliographic Details
Published inarXiv.org
Main Authors Cattaneo, Matias D, Ma, Xinwei, Masatlioglu, Yusufcan
Format Paper
LanguageEnglish
Published Ithaca Cornell University Library, arXiv.org 18.05.2023
Subjects
Context
Decision making
Heterogeneity
Parameter identification
Risk
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Summary:Barseghyan and Molinari (2023) 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.
ISSN:2331-8422