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Choice Certainty and Consistency in Repeated Choice Experiments

Environmental & resource economics, 2010-05, Vol.46 (1), p.93-109 [Peer Reviewed Journal]

The Author(s) 2009 ;Springer Science+Business Media B.V. 2010 ;ISSN: 0924-6460 ;EISSN: 1573-1502 ;DOI: 10.1007/s10640-009-9337-x

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Title:
Choice Certainty and Consistency in Repeated Choice Experiments
Author: Brouwer, Roy ; Dekker, Thijs ; Rolfe, John ; Windle, Jill
Subjects: C35 ; Choice certainty ; Choice consistency ; Choice experiment ; D83 ; Decision theory ; Econometrics ; Economic Policy ; Economics ; Economics and Finance ; Environmental Economics ; Environmental Law/Policy/Ecojustice ; Environmental Management ; Environmental quality ; Experiments ; Hypotheses ; Indexing in process ; Learning ; Preferences ; Q1 ; Q25 ; Q51 ; Studies ; Valuation ; Variance
Is Part Of: Environmental & resource economics, 2010-05, Vol.46 (1), p.93-109
Description: The main objective of this study is to examine how repeated choice affects preference learning in stated preference experiments. We test different hypotheses related to preference learning by analyzing response patterns and asking respondents in a choice experiment to report their experienced certainty when going through the choice tasks. In a split-sample test, we show that follow-up choice certainty questions are procedural invariant. The self-reported certainty results indicate that learning occurs, but econometric testing procedures do not identify any significant impact of learning effects on parameter estimates or variance across choice tasks. Additional tests of choice consistency suggest that preferences in the choice experiment are stable and coherent.
Publisher: Dordrecht: Springer Netherlands
Language: English
Identifier: ISSN: 0924-6460
EISSN: 1573-1502
DOI: 10.1007/s10640-009-9337-x
Source: AUTh Library subscriptions: ProQuest Central
Alma/SFX Local Collection
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Choice Certainty and Consistency in Repeated Choice Experiments

The Author(s) 2009 ;Springer Science+Business Media B.V. 2010 ;ISSN: 0924-6460 ;EISSN: 1573-1502 ;DOI: 10.1007/s10640-009-9337-x

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