| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
IS CHEAP TALK EFFECTIVE AT ELIMINATING HYPOTHETICAL BIAS IN A PROVISION
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| Autores: |
Murphy, James J.
Stevens, Thomas H.
Weatherhead, Darryl
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| Data: |
2003-03-26
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| Ano: |
2003
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| Palavras-chave: |
Contingent valuation
Experiments
Hypothetical bias
Voluntary
Resource /Energy Economics and Policy
C9
Q26
H41
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| Resumo: |
Replaced with revised version of paper 10/06/04.
Significant difference between response to real and hypothetical valuation questions is often referred to as hypothetical bias. Some economists have had success with using "cheap talk" (which entails reading a script that explicitly highlights the hypothetical bias problem before participants make any decisions) as a means of generating unbiased responses in a referendum format. In this article, we test the robustness of cheap talk using a voluntary contribution mechanism with a provision point over a wide range of possible payment amounts. Our results confirm the existence of hypothetical bias, and suggest that cheap talk may eliminate hypothetical bias, but only for respondents facing higher payments.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
7924
http://purl.umn.edu/14510
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| Editor: |
AgEcon Search
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| Relação: |
University of Massachusetts, Amherst>Department of Resource Economics>Working Paper Series
Working Paper 2003-2, Revised
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| Formato: |
30
application/pdf
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