| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Stated Choice Experiments with Complex Ecosystem Changes: The Effect of Information Formats on Estimated Variances and Choice Parameters
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| Autores: |
Hoehn, John P.
Lupi, Frank
Kaplowitz, Michael D.
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| Data: |
2011-01-21
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| Ano: |
2010
|
| Palavras-chave: |
Choice experiments
Heuristics
Stated preference
Valuation
Web surveys
Wetland mitigation
Crop Production/Industries
Demand and Price Analysis
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| Resumo: |
Stated choice experiments about ecosystem changes involve complex information. This study examines whether the format in which ecosystem information is presented to respondents affects stated choice outcomes. Our analysis develops a utility-maximizing model to describe respondent behavior. The model shows how alternative questionnaire formats alter respondents’ use of filtering heuristics and result in differences in preference estimates. Empirical results from a large-scale stated choice experiment confirm that different format presentations of the same information lead to different preference parameter estimates and error variances. A tabular format results in choice parameter estimates with statistically smaller variances than parameters estimated from data obtained with a text-based format. A text-based format also appears to induce greater use of decision heuristics than does a tabular format.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/99121
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| Relação: |
Journal of Agricultural and Resource Economics>Volume 35, Number 3, December 2010
JARE
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| Formato: |
23
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