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| Author: | Beshears, J. (et al.) |
| Title: | How are preferences revealed? |
| Journal: | Journal of Public Economics
2008 : AUG-SEP, VOL 92 p. 1787-1794 |
| Index terms: | preferences retirement savings assets allocation |
| Freeterms: | pension plan contribution normative |
| Language: | eng |
| Abstract: | The study examines the differences of revealed and normative preferences. The study was made identifying five factors that are passive choice, complexity, limited personal experience, third-party marketing, and intertemporal choice that often creates a wedge between revealed preferences and normative preferences. Also six factors that can be used to measure normative preferences when they deviate from revealed preferences are discussed. As a result the gap between normative and revealed preferences was modelled. |
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