Incomplete Preferences in Choice Experiments: A note on avoidable noise and bias in welfare estimates

Mitesh Kataria () and Jason Shogren

No 2010-003, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences? Using simulated data, we show how such miss-specification results in unnecessary noise and bias in welfare estimates, and can be avoided.

Keywords: Choice experiment; Ordered Logit; Bias; Preference Axioms (search for similar items in EconPapers)
JEL-codes: D61 Q51 (search for similar items in EconPapers)
Date: 2010-01-15
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-exp and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2010-003

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