2023/05/18 by Matias D. Cattaneo, Cattaneo, Matias D., Xinwei Ma +3
Decision Sciences · Economics, Econometrics and Finance · #Decision-Making and Behavioral Economics #Econometrics (econ.EM) #Economic and Environmental Valuation #FOS: Computer and information sciences #FOS: Economics and business #Methodology (stat.ME) #Monetary Policy and Economic Impact #Theoretical Economics (econ.TH)
paper · pdf · doi:10.48550/arxiv.2305.10934
openalex publication_date 2023/05/18 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
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.