How Do Behavioral Assumptions Affect Structural Inference? Evidence From a Laboratory Experiment
行为假设如何影响结构推断？来自实验室实验的证据
rational expectations has on structural inference in a dynamic discrete decision problem. Our design induces preferences up to the subjective rate of time preference, leaving unrestricted both this parameter and subjects' decision rules. We estimate subjects' discount rates under the assumption that all subjects use the rational expectations decision rule, and under weaker behavioral assumptions that allow decision rule heterogeneity. We find that certain sophisticated…