000091728 001__ 91728
000091728 005__ 20180122213110.0
000091728 037__ $$a352-2016-18052
000091728 041__ $$aen
000091728 245__ $$aComparing the Conventional Stated Preference Valuation Technique with a Prediction Approach.
000091728 260__ $$c2010-03-29
000091728 269__ $$a2010-03-29
000091728 270__ $$mlava.yadav@nuigalway.ie$$pYadav,   Lava
000091728 300__ $$a30
000091728 336__ $$aConference Paper/ Presentation
000091728 520__ $$aStated preference techniques have been used to place values on public goods by directly asking individuals to provide their personal values and opinions. This method has consistently resulted in the emergence of hypothetical bias. Several insights from the psychology literature suggest that social desirability bias, a contributor to hypothetical bias, occurs when individuals face such direct questions. However, replacing the direct questions with an indirect one that asks for their predictions about other’s values can potentially eliminate this bias. In this study we employ both questioning formats in a choice experiment to make comparisons between the stated responses. Predicted willingness to pay is 2.5 and 3.1 times smaller than hypothetical values indicating predictions to be a more accurate measure of actual values. The study further highlights the
vulnerability of the conventional approach to a social desirability bias as it allows normative motives to distort respondents’ decisions, which in turn generates preferences for environmental attributes that are misleading.
000091728 542__ $$fLicense granted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2010-07-07T11:59:42Z (GMT):

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000091728 650__ $$aEnvironmental Economics and Policy
000091728 6531_ $$aStated Preference Techniques
000091728 6531_ $$aDiscrete Choice Experiments
000091728 6531_ $$aHypothetical Bias
000091728 6531_ $$aSocial Desirability Bias
000091728 6531_ $$aLake Wabegon Effect
000091728 6531_ $$aFalse Consensus Effect
000091728 6531_ $$aWillingness to Pay
000091728 700__ $$aYadav, Lava
000091728 700__ $$avan Rensburg, Tom M.
000091728 700__ $$aKelley, Hugh
000091728 8564_ $$s2180816$$uhttp://ageconsearch.umn.edu/record/91728/files/26yadav_rensberg_kelley.pdf
000091728 887__ $$ahttp://purl.umn.edu/91728
000091728 909CO $$ooai:ageconsearch.umn.edu:91728$$pGLOBAL_SET
000091728 912__ $$nSubmitted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2010-07-07T12:08:04Z
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  Previous issue date: 2010-03-29
000091728 982__ $$gAgricultural Economics Society>84th Annual Conference, March 29-31, 2010, Edinburgh, Scotland
000091728 980__ $$a352