Decoy Effects in Choice Experiments and Contingent Valuation: Asymmetric Dominance
نویسندگان
چکیده
منابع مشابه
Asymmetric dominance and phantom decoy effects in games
In individual choices between alternatives x and y, the availability of a third alternative z, judged inferior to x but not to y, tends to increase preferences for x. Two experiments investigated corresponding strategic asymmetric dominance effects in games. In Experiment 1, 72 players chose strategies in six symmetric 3 · 3 games, each having one strategy dominating just one other, or in reduc...
متن کاملModeling Response Incentive Effects in Dichotomous Choice Contingent Valuation Data
This paper introduces model specifications that can be used to explain response incentive effects that might occur with discrete response contingent valuation data when follow-up responses are collected. The models allowfor possible random response shocks, structural ships in willingness to pay betweenpayment questionsand heteroskedasticity between and within responses. Three well-known conting...
متن کاملProtest Beliefs and Responses in Contingent Valuation and Choice Experiments: A Comparison
In the literature it is suggested that the number of protest responses can depend on the valuation method. Choice Experiments (CE) are said to generate a lower number of protest responses than Contingent Valuation (CV). In a project about forest biodiversity both CE and CV were used and protest beliefs of all respondents irrespective of their willingness to pay determined. According to our anal...
متن کاملModeling choice and valuation in decision experiments.
This article develops a parsimonious descriptive model of individual choice and valuation in the kinds of experiments that constitute a substantial part of the literature relating to decision making under risk and uncertainty. It suggests that many of the best known "regularities" observed in those experiments may arise from a tendency for participants to perceive probabilities and payoffs in a...
متن کاملOne-and-one-half-bound Dichotomous Choice Contingent Valuation
Although the double-bound (DB) fonnat for the discrete choice contingent valuation method (CVM) has the benefit of higher efficiency in welfare benefit estimates than the single-bound (SB) discrete choice CVM, it has been subject to criticism due to evidence that some of the responses to the second bid may be inconsistent with the responses to the first bid. As a means to reduce the potential f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Land Economics
سال: 2008
ISSN: 0023-7639,1543-8325
DOI: 10.3368/le.84.1.115