New article in The Review of Economic Studies


New article by Alexander Christopher Sebald and Charles Bellemare in The Review of Economic Studies, "Measuring Belief-dependent Preferences without Data on Beliefs".

The authors derive bounds on the causal effect of belief-dependent preferences (reciprocity and guilt aversion) on choices in sequential two-player games without data on the (higher-order) beliefs of players. The article shows how informative bounds can be derived by exploiting a specific invariance property common to those preferences. The approach is illustrated by analysing data from an experiment conducted in Denmark. 

The article can be accessed here. 

The page was last edited by: Department of Economics // 06/02/2022