Original paper
Are choice experiments reliable? Evidence from the lab
Abstract
This study investigates whether a popular stated preference method, the choice experiment (CE), reliably measures individuals’ values for a good. We address this question using an induced value experiment. Our results indicate that CEs fail to elicit payoff maximizing choices. We find little evidence that increasing the salience of the choices or adding monetary incentives increase the proportion of payoff maximizing choices. This questions the...
Paper Details
Title
Are choice experiments reliable? Evidence from the lab
Published Date
Jul 1, 2014
Journal
Volume
124
Issue
1
Pages
9 - 13
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History