Authors
Maja Adena, Steffen Huck, Imran Rasul
Publication date
2017/12
Journal
Journal of the economic science association
Volume
3
Pages
89-108
Publisher
Springer US
Description
We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive margins, can be rationalized within a standard neoclassical choice model in which individuals have preferences, defined over own consumption and their contribution towards the charitable good, satisfying the axioms of revealed preference.
Total citations
Scholar articles
M Adena, S Huck, I Rasul - Journal of the economic science association, 2017