Incomplete preferences in choice experiments : a note on avoidable noise and bias in welfare estimates

Mitesh Kataria; Jason F. Shogren

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. -- Choice experiment ; Ordered Logit ; Bias ; Preference Axioms

Year of publication:	2010
Authors:	Kataria, Mitesh ; Shogren, Jason F.
Publisher:	Jena : Univ. [u.a.]
Subject:	Präferenztheorie \| Theory of preferences \| Experiment \| Systematischer Fehler \| Bias \| Logit-Modell \| Logit model \| Wohlfahrtsanalyse \| Welfare analysis

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