The discovered preference hypothesis - an empirical test

Publikation: Konferencebidrag › Paper › Forskning

Standard

The discovered preference hypothesis - an empirical test. / Lundhede, Thomas; Ladenburg, Jacob; Olsen, Søren Bøye.

2008. Paper præsenteret ved The annual conference of European Association of Environmental and Resource Economists (EAERE), Gothenburg, Sverige.

Publikation: Konferencebidrag › Paper › Forskning

Harvard

Lundhede, T, Ladenburg, J & Olsen, SB 2008, 'The discovered preference hypothesis - an empirical test', Paper fremlagt ved The annual conference of European Association of Environmental and Resource Economists (EAERE), Gothenburg, Sverige, 25/06/2008 - 28/06/2008. <http://www.webmeets.com/EAERE/2008/prog/default.asp?pid=368>

APA

Lundhede, T., Ladenburg, J., & Olsen, S. B. (2008). The discovered preference hypothesis - an empirical test. Paper præsenteret ved The annual conference of European Association of Environmental and Resource Economists (EAERE), Gothenburg, Sverige. http://www.webmeets.com/EAERE/2008/prog/default.asp?pid=368

Vancouver

Lundhede T, Ladenburg J, Olsen SB. The discovered preference hypothesis - an empirical test. 2008. Paper præsenteret ved The annual conference of European Association of Environmental and Resource Economists (EAERE), Gothenburg, Sverige.

Author

Lundhede, Thomas ; Ladenburg, Jacob ; Olsen, Søren Bøye. / The discovered preference hypothesis - an empirical test. Paper præsenteret ved The annual conference of European Association of Environmental and Resource Economists (EAERE), Gothenburg, Sverige.12 s.

Bibtex

@conference{1c359b00a1c411ddb6ae000ea68e967b,
title = "The discovered preference hypothesis - an empirical test",
abstract = "Using stated preference methods for valuation of non-market goods is known to bevulnerable to a range of biases. Some authors claim that these so-called anomalies in effect render the methods useless for the purpose. However, the Discovered Preference Hypothesis, as put forth by Plott [31], offers an nterpretation and explanation of biases which entails that the stated preference methods need not to be completely written off. In this paper we conduct a test for the validity and relevance of the DPH interpretation of biases. In a choice experiment concerning preferences for protection of Danish nature areas from new motorway development, we find that respondent preferences are susceptible to starting point bias. In particular, our results show that the bias is gender-specific as only female respondents are significantly biased. Importantly, we find that the impact of the starting point bias decays as respondents evaluate more and more choice sets. This finding supports the Discovered Preference Hypothesis interpretation and explanation of starting point bias.",
keywords = "Former LIFE faculty, Discovered preference hypothesis, Choice experiment, Starting point bias",
author = "Thomas Lundhede and Jacob Ladenburg and Olsen, {S{\o}ren B{\o}ye}",
year = "2008",
language = "English",
note = "null ; Conference date: 25-06-2008 Through 28-06-2008",

}

RIS

TY - CONF

T1 - The discovered preference hypothesis - an empirical test

AU - Lundhede, Thomas

AU - Ladenburg, Jacob

AU - Olsen, Søren Bøye

N1 - Conference code: 16

PY - 2008

Y1 - 2008

N2 - Using stated preference methods for valuation of non-market goods is known to bevulnerable to a range of biases. Some authors claim that these so-called anomalies in effect render the methods useless for the purpose. However, the Discovered Preference Hypothesis, as put forth by Plott [31], offers an nterpretation and explanation of biases which entails that the stated preference methods need not to be completely written off. In this paper we conduct a test for the validity and relevance of the DPH interpretation of biases. In a choice experiment concerning preferences for protection of Danish nature areas from new motorway development, we find that respondent preferences are susceptible to starting point bias. In particular, our results show that the bias is gender-specific as only female respondents are significantly biased. Importantly, we find that the impact of the starting point bias decays as respondents evaluate more and more choice sets. This finding supports the Discovered Preference Hypothesis interpretation and explanation of starting point bias.

AB - Using stated preference methods for valuation of non-market goods is known to bevulnerable to a range of biases. Some authors claim that these so-called anomalies in effect render the methods useless for the purpose. However, the Discovered Preference Hypothesis, as put forth by Plott [31], offers an nterpretation and explanation of biases which entails that the stated preference methods need not to be completely written off. In this paper we conduct a test for the validity and relevance of the DPH interpretation of biases. In a choice experiment concerning preferences for protection of Danish nature areas from new motorway development, we find that respondent preferences are susceptible to starting point bias. In particular, our results show that the bias is gender-specific as only female respondents are significantly biased. Importantly, we find that the impact of the starting point bias decays as respondents evaluate more and more choice sets. This finding supports the Discovered Preference Hypothesis interpretation and explanation of starting point bias.

KW - Former LIFE faculty

KW - Discovered preference hypothesis

KW - Choice experiment

KW - Starting point bias

M3 - Paper

Y2 - 25 June 2008 through 28 June 2008

ER -

ID: 8109645