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Designing choice experiments to Test for Anchoring and Framing Effects
Provedor de dados: 31
Autores: Kragt,   Marit Ellen; Bennett,   Jeffrey W.
Choice experiments (CE) are increasingly used as a stated preference technique to value changes in non-market goods. Respondents to a CE survey are asked to make repeated choices between alternatives. Each alternative is described by a number of attributes – the attributes levels vary across alternatives and choice sets. A monetary attribute is typically included so that marginal values for changes in the non-market attributes presented can be estimated.   The monetary attribute has central importance. However, there has been limited research on the impacts on respondents’ choices of changing the (range in) levels of the monetary attribute presented in CE surveys. This is known as the ‘anchoring’ effect. The ‘framing’ of non-market attributes may also...
Tipo: Report
Palavras-chave: Choice experiments; Valuation; Anchoring effect; Starting point bias; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 2008
URL: http://purl.umn.edu/94810