Preprint
Sep 2026
Measuring Economic Preferences in the Presence of Noise: The Connections Between Choices and Valuations
Past research highlights failures of"procedural invariance"when measuring economic preferences using choices versus valuations. We reassess these failures by examining theoretical connections between choices and valuations when preferences are stable but measurements are noisy and individuals are heterogeneous. Even un...
Ted O'Donoghue, Charles D. Sprenger, P. Sung et al.
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