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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Happy times: measuring happiness using response times
Organization Unit
Authors
  • Shuo Liu
  • Nick Netzer
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title American Economic Review
Publisher American Economic Association
Geographical Reach international
ISSN 0002-8282
Volume 113
Number 12
Page Range 3289 - 3322
Date 2023
Abstract Text Surveys measuring happiness or preferences generate discrete ordinal data. Ordered response models, which are used to analyze such data, suffer from an identification problem. Their conclusions depend on distributional assumptions about a latent variable. We propose using response times to solve that problem. Response times contain information about the distribution of the latent variable through a chronometric effect. Using an online survey experiment, we verify the chronometric effect. We then provide theoretical conditions for testing conventional distributional assumptions. These assumptions are rejected in some cases, but overall our evidence is consistent with the qualitative validity of the conventional models.
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Digital Object Identifier 10.1257/aer.20211051
Other Identification Number merlin-id:24306
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Keywords Economics and econometrics
Additional Information Copyright American Economic Association; reproduced with permission