Can Hypothetical Questions Reveal True Values? A Laboratory Comparison of Dichotomous Choice and Open-Ended Contingent Values with Auction Values

By Edward J. Balistreri, G. McClelland, Gregory L. Poe, William D. Schulze. 2001

165 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/65ddcc06b564f6ec8678284e94ff6a6923642d5c

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Citations in the corpus

Payment Certainty in Discrete Choice Contingent Valuation Responses: Results from a Field Validity Test (2003, methodology): “, 1996; Balistreri et al., 2001; Champ and Bishop, 2001). Two recent papers offer possible methods for calibrating hypothetical discrete choice responses by considering payment certainty levels reported by respondents. In what we term the “follow-up certainty question” (FCQ) method, Champ et al. (19”
What Experimental Protocol Influence Disparities Between Actual and Hypothetical Stated Values? (2001, methodology): “Subsequent lab research has generally supported Bohm’s findings (e.g., Bishop and Heberlein 1979; Neill et al. 1994; Fox et al. 1998; List and Shogren 1998a, b; Balistreri et al. 1998).”
The total economic value of threatened, endangered and rare species: An updated meta-analysis (2009, result): “More recent studies dedicated to this topic find similar results (Balistreri et al., 2001).”
How Should Consumers’ Willingness to Pay be Measured? An Empirical Comparison of State-of-the-Art Approaches (2011, methodology): “We then fit a logit model of the form q(p) = Pr(buy|p) = exp(a + b × p)/[1 + exp(a + b × p)] (e.g., Balistreri et al. 2001; Bishop, Welsh, and Heberlein 1992; Brown et al. 1996; Wertenbroch and Skiera 2002), where p corresponds to the various price levels, a and b are the coefficients to be…”
Revisiting Cheap Talk with New Evidence from a Field Experiment (2011, methodology): “The open-ended mechanism is simple and has been used numerous times in marketing and economic studies (Balistreri et al., 2001; Goldar and Misra, 2001; Lusk and Hudson, 2004a). There is a consensus that incentive-aligned open-ended elicitations that use the Becker-DeGroot-Marschak (BDM) mechanism pr”
Provision Point Mechanisms and Field Validity Tests of Contingent Valuation (2002, background): “In addition, a body of experimental economics literature has recently emerged demonstrating that hypothetical bias remains a problem even in private goods (e.g., Fox et al. 1998; List and Shogren 1998; Balistreri et al. 2001).”
Understanding Hypothetical Bias: An Enhanced Meta‐Analysis (2018, unknown): “For example, comparisons show that dichotomous choice typically overstates WTP relative to open-ended (Balistreri et al. 2001) and payment card formats (Ready et al. 1996; Welsh and Poe 1998).”