TY  - BOOK
AU  - Stango,Victor
AU  - Zinman,Jonathan
ED  - National Bureau of Economic Research.
TI  - Behavioral Biases are Temporally Stable
T2  - NBER working paper series
PY  - 2020///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - September 2020; Hardcopy version available to institutional subscribers
N2  - Social scientists often consider temporal stability when assessing the usefulness of a construct and its measures, but whether behavioral biases display such stability is relatively unknown. We estimate stability for 25 biases, in a nationally representative sample, using repeated elicitations three years apart. Bias level indicators are largely stable in the aggregate and within-person. Within-person intertemporal rank correlations imply moderate stability and increase dramatically when using other biases as instrumental variables. Additional results reinforce three key inferences: biases are stable, accounting for classical measurement error in bias elicitation data is important, and eliciting multiple measures of multiple biases is valuable
UR  - https://www.nber.org/papers/w27860
UR  - http://dx.doi.org/10.3386/w27860
ER  -