Consequentiality: A Theoretical and Experimental Exploration of a Single Binary Choice

@inproceedings{Carson2013ConsequentialityAT,
  title={Consequentiality: A Theoretical and Experimental Exploration of a Single Binary Choice},
  author={Richard T. Carson and Theodore Groves and John A. List},
  year={2013}
}
Researchers, using contingent valuation (CV) to value changes in nonmarket goods, typically believe respondents always answer questions truthfully or they answer truthfully only when it is in their interest to do so. The second position, while consistent with economic theory, implies that interpreting survey responses depends critically on the incentive structure provided. We derive simple tests capable of distinguishing the two views. Our theoretical model for examining the incentive structure… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 42 CITATIONS

Contemporary Guidance for Stated Preference Studies

VIEW 10 EXCERPTS
CITES BACKGROUND & RESULTS
HIGHLY INFLUENCED

Using massive online choice experiments to measure changes in well-being

  • Proceedings of the National Academy of Sciences of the United States of America
  • 2019
VIEW 1 EXCERPT
CITES METHODS

References

Publications referenced by this paper.
SHOWING 1-10 OF 57 REFERENCES

Similar Papers

Loading similar papers…