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- Title
Choice Certainty and Consistency in Repeated Choice Experiments.
- Authors
Brouwer, Roy; Dekker, Thijs; Rolfe, John; Windle, Jill
- Abstract
The main objective of this study is to examine how repeated choice affects preference learning in stated preference experiments. We test different hypotheses related to preference learning by analyzing response patterns and asking respondents in a choice experiment to report their experienced certainty when going through the choice tasks. In a split-sample test, we show that follow-up choice certainty questions are procedural invariant. The self-reported certainty results indicate that learning occurs, but econometric testing procedures do not identify any significant impact of learning effects on parameter estimates or variance across choice tasks. Additional tests of choice consistency suggest that preferences in the choice experiment are stable and coherent.
- Subjects
CHOICE (Psychology); ECONOMETRIC models; LEARNING; ESTIMATION theory; COGNITIVE consistency
- Publication
Environmental & Resource Economics, 2010, Vol 46, Issue 1, p93
- ISSN
0924-6460
- Publication type
Article
- DOI
10.1007/s10640-009-9337-x