OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
We propose a novel experimental method to elicit preference parameters: choices subject to strictly concave budget restrictions. We aim to improve upon the informational content of commonly used methods such as choices subject to linear budget restrictions in two ways: (i) by reducing the number of corner allocations and (ii) by enlarging the range of estimable parameter values. An online study on risk and time preferences confirms the benefits of our method. Corner allocations are drastically reduced, which facilitates estimation on the individual level, and a richer distribution of preference parameters compared to using linear budget restrictions is elicited.
