Identification of misreported beliefs
It is well-known that subjective beliefs cannot be identified with traditional choice data unless we impose the strong assumption that preferences are state-independent. This is seen as one of the biggest pitfalls of incentivized belief elicitation. The two common approaches are either to exogenously assume that preferences are state-independent, or to use intractable elicitation mechanisms that require an awful lot of hard-to-get non-traditional choice data. In this paper we use a third approach, introducing a novel methodology that retains the simplicity of standard elicitation mechanisms without imposing the awkward state-independence assumption. The cost is that instead of insisting on full identification of beliefs, we seek identification of misreporting. That is, we elicit beliefs with a standard simple elicitation mechanism, and then by means of a single additional observation we can tell whether the reported beliefs deviate from the actual beliefs, and if so, in which direction they do.
Code (0)
등록된 구현이 없습니다.
Similar Papers 제목 키워드 기반
Partial Identification of Marginal Treatment Effects with discrete instruments and misreported treatment
This paper provides partial identification results for the marginal treatment effect ($MTE$) when the binary treatment variable is potentially misreported and the instrumental variable is discrete. Identification results…
Partial Identification of Binary Choice Models with Misreported Outcomes
This paper provides partial identification of various binary choice models with misreported dependent variables. We propose two distinct approaches by exploiting different instrumental variables respectively. In the firs…
Estimating Misreporting in the Presence of Genuine Modification: A Causal Perspective
In settings where ML models are used to inform the allocation of resources, agents affected by the allocation decisions might have an incentive to strategically change their features to secure better outcomes. While prio…
Belief identification with state-dependent utilities
It is well known that individual beliefs cannot be identified using traditional choice data, unless we impose the practically restrictive and conceptually awkward assumption that utilities are state-independent. In this …
Belief identification by proxy
It is well known that individual beliefs cannot be identified using traditional choice data, unless we exogenously assume state-independent utilities. In this paper, I propose a novel methodology that solves this long-st…
Econometrics