Discrete Choice under Risk with Limited Consideration
نویسندگان
چکیده
This paper is concerned with learning decision-makers’ preferences using data on observed choices from a finite set of risky alternatives. We propose discrete choice model unobserved heterogeneity in consideration sets and standard risk aversion. obtain sufficient conditions for the model’s semi-nonparametric point identification, including cases where depends some exogenous variables. Our method yields an estimator that easy to compute applicable markets large sets. illustrate its properties dataset property insurance purchases. (JEL D81, D83, D91, G22, G52)
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ژورنال
عنوان ژورنال: The American Economic Review
سال: 2021
ISSN: ['2640-205X', '2640-2068']
DOI: https://doi.org/10.1257/aer.20190253