Hypothetical bias in choice experiments: Within versus between subject tests
Olof Johansson-Stenman () and
Henrik Svedsäter ()
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Henrik Svedsäter: Department of Psychology, Göteborg University, Postal: Box 500, SE 40530 GÖTEBORG
No 252, Working Papers in Economics from University of Gothenburg, Department of Economics
Abstract:
A choice experiment eliciting environmental values is set up in order to test for hypothetical bias based on both within and between sample designs. A larger hypothetical bias was found in the latter case, which explains parts of the previous diverging results in the literature. People seem to prefer to do what they say they would do.
Keywords: Stated-preference methods; choice experiment; hypothetical bias; internal consistency; non-market valuation (search for similar items in EconPapers)
JEL-codes: C91 Q28 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2007-04-20
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-exp and nep-res
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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:gunwpe:0252
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