Design of stated preference surveys: Is there more to learn from behavioral economics?
Abstract
We discuss the design of stated preference (SP) surveys in light of findings in behavioral economics such as context dependence of preferences, learning, and differences between revealed and normative preferences. More specifically, we discuss four different areas: (i) revealed and normative preferences, (ii) learning and constructed preferences, (iii) context dependence, and (iv) hypothetical bias. We argue that SP methods would benefit from adapting to some of the findings in behavioral economics, but also that behavioral economics may gain insights from studying SP methods.
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Date
2009-12-09Author
Carlsson, Fredrik
Keywords
stated preferences
behavioral economics
Publication type
report
ISSN
1403-2465
Series/Report no.
Working Papers in Economics
418
Language
eng