TY - JOUR
T1 - Eliciting willingness to pay without bias using follow-up certainty statements
T2 - Comparisons between probably/definitely and a 10-point certainty Scale
AU - Blomquist, Glenn C.
AU - Blumenschein, Karen
AU - Johannesson, Magnus
PY - 2009
Y1 - 2009
N2 - Correction for hypothetical bias using follow up certainty questions often takes one of two forms: (1) two options, "definitely sure" and "probably sure", or (2) a 10-point scale with 10 very certain. While both have been successful in eliminating hypothetical bias from estimates of WTP by calibrating based on the certainty of yes responses, little is known about the relationship between the two. The purpose of this paper is to compare the two using data from three field experiments in a private good, dichotomous choice format. We compare four types of yes responses that differ in the criterion used to determine if there is sufficient certainty for a hypothetical yes response to be considered a true yes response. We make several comparisons, but focus on determining which values on the 10-point scale give the same estimates of WTP as "definitely sure" hypothetical yeses and real yeses (actual purchases). Values that produce equivalence are near 10 on the certainty scale.
AB - Correction for hypothetical bias using follow up certainty questions often takes one of two forms: (1) two options, "definitely sure" and "probably sure", or (2) a 10-point scale with 10 very certain. While both have been successful in eliminating hypothetical bias from estimates of WTP by calibrating based on the certainty of yes responses, little is known about the relationship between the two. The purpose of this paper is to compare the two using data from three field experiments in a private good, dichotomous choice format. We compare four types of yes responses that differ in the criterion used to determine if there is sufficient certainty for a hypothetical yes response to be considered a true yes response. We make several comparisons, but focus on determining which values on the 10-point scale give the same estimates of WTP as "definitely sure" hypothetical yeses and real yeses (actual purchases). Values that produce equivalence are near 10 on the certainty scale.
KW - Certainty statements
KW - Contingent valuation
KW - Field experiments
KW - Hypothetical bias
KW - Willingness to pay
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U2 - 10.1007/s10640-008-9242-8
DO - 10.1007/s10640-008-9242-8
M3 - Article
AN - SCOPUS:70349673744
SN - 0924-6460
VL - 43
SP - 473
EP - 502
JO - Environmental and Resource Economics
JF - Environmental and Resource Economics
IS - 4
ER -