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Author:List, J.A.
Gallet, G.A.
Title:What experimental protocol influence disparities between actual and hypothetical stated values?
Journal:Environmental and Resource Economics
2001 : NOV, VOL. 20:3, p. 241-254
Index terms:CONTINGENT VALUATION
Freeterms:HYPOTHETICAL BIAS
META-ANALYSIS
Language:eng
Abstract:Preferences elicited in hypothetical settings have recently come under scrutiny, causing estimates from the contingent valuation method to be challenged due to perceived "hypothetical bias". Given that the received literature derives value estimates using heterogenous experimental techniques, understanding the effects of important design parameters on the magnitude of hypothetical bias is invaluable. In this paper, the authors address this issue statistically by using a meta-analysis to examine data from 29 experimental studies.
SCIMA record nr: 229097
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