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Strategic response to a sequence of discrete choice questions AgEcon
McNair, Ben J.; Bennett, Jeffrey W.; Hensher, David A..
According to neoclassical economic theory, the only stated preference elicitation format that can feasibly be employed in field studies to which truthful response can be the dominant strategy for all respondents is a single binary choice between the status quo and one alternative. In studies where the objective is estimation of preferences for multiple attributes of a good, it is preferred (and, in some cases, necessary) based on econometric considerations, to present respondents with a sequence of choice tasks. Economic theory predicts that utility-maximising respondents may find it optimal to misrepresent their preferences in this elicitation format. In this paper, the effect on stated preferences of expanding the number of choice tasks per respondent...
Tipo: Conference Paper or Presentation Palavras-chave: Choice experiments; Willingness to pay; Incentive compatibility; Strategic behaviour; Order effects; Underground electricity; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/59102
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Modelling heterogeneity in response behaviour towards a sequence of discrete choice questions: a probabilistic decision process model AgEcon
McNair, Ben J.; Heshner, David A.; Bennett, Jeffrey W..
There is a growing body of evidence in the non-market valuation literature suggesting that responses to a sequence of discrete choice questions tend to violate the assumptions typically made by analysts regarding independence of responses and stability of preferences. Decision processes (or heuristics) such as value learning and strategic misrepresentation have been offered as explanations for these results. While a few studies have tested these heuristics as competing hypotheses, none has investigated the possibility that each explains the response behaviour of a subgroup of the population. In this paper, we make a contribution towards addressing this research gap by presenting a probabilistic decision process model designed to estimate the proportion of...
Tipo: Conference Paper or Presentation Palavras-chave: Choice experiment; Decision process; Ordering effects; Strategic response; Willingness to pay; Research Methods/ Statistical Methods; C25; L94; Q51.
Ano: 2011 URL: http://purl.umn.edu/100585
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