Elicitation bias in Multiple Price Lists: A field experiment

Stein Holden (), Sarah Tione, Mesfin Tilahun and Samson Katengeza

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2025, vol. 119, issue C

Abstract: Multiple Price Lists (MPLs) or Choice Lists (CLs) are widely used to elicit risk and time preferences, yet are prone to cognitive biases, particularly among respondents with limited numeracy skills. This paper compares three elicitation approaches; row-by-row from the top, from the bottom, and a Rapid Elicitation (RE) method using random starting points; in a field experiment with 906 rural Malawian farmers. With 20 MPLs per subject, we estimate starting point and order biases in switch points using nonparametric and parametric methods.

Keywords: Multiple Price Lists; Elicitation method; Starting point bias; Order bias; Field experiment; Malawi (search for similar items in EconPapers)
JEL-codes: C93 D81 D91 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:119:y:2025:i:c:s2214804325001430

DOI: 10.1016/j.socec.2025.102479

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