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bias using an experimental design that contrasts stated and revealed preferences. Cost estimates are compiled from previous …
Persistent link: https://www.econbiz.de/10005118870
Using on-site survey data from Gros Morne National Park in Newfoundland, this paper estimates and compares several truncated count data models of recreation demand. The model that not only accounts for the truncated and overdispersed nature of the data but also for endogenous stratification duet...
Persistent link: https://www.econbiz.de/10005119149
Two recent studies have shown that “cheap talk” is an effective means of eliminating positive hypothetical bias in … experimental and field-auction settings. We further investigate the ability of cheap talk to mitigate positive hypothetical bias in … a CVM phone survey administered to over 4,000 households. Positive hypothetical bias is detected in our data by …
Persistent link: https://www.econbiz.de/10005407824
A mail survey choice experiment and in-store controlled experiment were conducted concurrently in the same location to … test for hypothetical bias in choice experiments using a new product—freshwater prawns. Findings suggest that hypothetical … bias in the mail survey was not present for the new product, but some hypothetical bias was detected for substitute …
Persistent link: https://www.econbiz.de/10005408209
Choice may be determined both by a consideration of one's welfare (normative preference) and by desires (temptation preference). To provide foundations for such a theory, Gul and Pesendorfer (2001, 2004) adopt a preference over choice problems as a primitive and hypothesize that temptation...
Persistent link: https://www.econbiz.de/10005413275
The resort to utility-theoretical issues will permit us to propose a constructive procedure for deriving a homogeneous of degree one, continuous function that gives raise to a primitive demand function under suitably mild conditions. This constitutes the first elementary proof of a necessary and...
Persistent link: https://www.econbiz.de/10005135019
, the root mean square error, bias and finally directional accuracy. The forecasts are even compared to naive random walk … by the naive random walk model. Tests of bias indicate that the Swedish forecasters underestimate GDP-growth and …, root mean square error, directional accuracy, bias, revisions, final respective preliminary outcomes, Theil index, naïve …
Persistent link: https://www.econbiz.de/10005412654
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005413244
Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...
Persistent link: https://www.econbiz.de/10005413251
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005076613