Testing the fundamental assumption of choice experiments: Are values absolute or relative?

Luisetti, T, Bateman, IJ and Turner, RK (2011) Testing the fundamental assumption of choice experiments: Are values absolute or relative? Land Economics, 87 (2). pp. 284-296.

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Abstract

A split sample experiment is conducted to test one of the most fundamental assumptions underpinning choice experiments in an environmental setting: whether stated values are absolute or relative. The test uses a natural experiment involving respondents at different home locations relative to potential new wetland sites. Respondents were presented with one of two ranges of distances. An absolute value interpretation requires that the functional relations with distance derived from these two ranges be consistent with each other. We reject a null hypothesis of no range bias, suggesting that respondents may perceive attribute levels in a relative rather than absolute sense.

Item Type: Article
Faculty \ School: Faculty of Science > School of Environmental Sciences
Depositing User: Rosie Cullington
Date Deposited: 14 Mar 2011 14:37
Last Modified: 21 Apr 2020 16:49
URI: https://ueaeprints.uea.ac.uk/id/eprint/26141
DOI:

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