European Review of Agricultural Economics · 2019 · 13 citations · 27 references
Social SciencesDecision SciencesEconomicsBehavioral EconomicsDecision TheoryExperimental DesignBehavioral Decision-makingBiasDiscrete Choice ModelsPreference ElicitationResponse BiasStated Preference MethodsChoice Behavior AnalysisChoice ProcedureDichotomous Choice ElicitationDiscrete Choice Experiment DesignDiscrete Choice ModellingStated Preference ModelingStated Preference Modelling
Abstract One limitation of stated-preference methods is the formation of hypothetical bias. To address this, the honesty oath has been used as an ex ante technique to reduce hypothetical bias. Our study provides a query account of the honesty oath in a discrete-choice experiment setting by using Query Theory to examine the mechanism behind the effectiveness of the honesty oath. Our results show that the honesty oath can change the content and order of queries; potentially reducing hypothetical bias in discrete choice experiments. The study suggests the potential usefulness of Query Theory in examining thought processes of respondents in valuation studies.
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A New Approach to Consumer Theory
Kelvin Lancaster · Journal of Political Economy · 1966 · 8.2K citations
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The construction of preference.
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