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Preference uncertainty in stated preference studies: Facts and artefacts

Akter, Sonia; Bennett, Jeffrey

Description

The ordinal scale and polychotomous choice methods are two widely used techniques for estimating preference uncertainty in stated preference studies. This article presents the results of two experiments that apply these estimation techniques. The first experiment was designed to compare and contrast the scores of the ordinal scale and polychotomous choice method. The second experiment was conducted to test a scale that combines verbal expressions with numerical and graphical interpretations: a...[Show more]

dc.contributor.authorAkter, Sonia
dc.contributor.authorBennett, Jeffrey
dc.date.accessioned2015-12-10T23:34:51Z
dc.identifier.issn0003-6846
dc.identifier.urihttp://hdl.handle.net/1885/69601
dc.description.abstractThe ordinal scale and polychotomous choice methods are two widely used techniques for estimating preference uncertainty in stated preference studies. This article presents the results of two experiments that apply these estimation techniques. The first experiment was designed to compare and contrast the scores of the ordinal scale and polychotomous choice method. The second experiment was conducted to test a scale that combines verbal expressions with numerical and graphical interpretations: a composite scale. The results of the study can be summarized in three key findings. First, the polychotomous choice method generates a higher proportion of 'yes' responses than the conventional dichotomous choice elicitation format. Second, the composite scale generates a significantly higher proportion of certain responses. Finally, the ordinal scale performs poorly on the ground of construct validity.
dc.publisherRoutledge, Taylor & Francis Group
dc.sourceApplied Economics
dc.subjectKeywords: contingent valuation; experimental study; model test; model validation; performance assessment; preference behavior; uncertainty analysis climate change; contingent valuation; ordinal scale; polychotomous choice method; preference uncertainty
dc.titlePreference uncertainty in stated preference studies: Facts and artefacts
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume45
dc.date.issued2012
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationf5625xPUB2070
local.type.statusPublished Version
local.contributor.affiliationAkter, Sonia, Helmholtz Centre for Environmental Research
local.contributor.affiliationBennett, Jeffrey, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue15
local.bibliographicCitation.startpage2107
local.bibliographicCitation.lastpage2115
local.identifier.doi10.1080/00036846.2012.654914
local.identifier.absseo960501 - Ecosystem Assessment and Management at Regional or Larger Scales
dc.date.updated2016-02-24T08:53:49Z
local.identifier.scopusID2-s2.0-84859636325
local.identifier.thomsonID000303582600015
CollectionsANU Research Publications

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