Heterogeneous anchoring in dichotomous choice valuation framework (notice n° 546726)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02913cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114316.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Flachaire, Emmanuel |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Heterogeneous anchoring in dichotomous choice valuation framework |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2008.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 21 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméDans cette étude, nous nous intéressons au problème de l’ancrage dans les enquêtes d’évaluation contingente à doubles offres successives. Un tel problème apparaît lorsque les réponses obtenues sont influencées par les offres proposées aux individus.Nous proposons une méthodologie, issue de la psychologie, afin de caractériser deux groupes distincts d’individus : un groupe sensible à l’ancrage et un autre qui ne l’est pas. Adaptant un modèle, proposé par Herriges and Shogren (1996) pour contrôler l’ancrage, nous montrons que la prise en compte d’une telle hétérogénéité permet d’obtenir des estimations plus précises que celles obtenues avec la prise en compte d’une seule offre. Ce résultat contraste avec ceux de la littérature, qui trouvent que le gain de précision obtenu avec la prise en compte d’une deuxième offre est en général perdu en présence d’ancrage significatif, à tel point qu’il vaut mieux ne pas proposer une deuxième offre.Classification JEL : Q26, C81, D71. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice question. Specifically, we adapt a theory from psychology to characterize respondents as those who are likely to anchor and those who are not. Using a model developed by Herriges and Shogren (1996), our method appears successful in discriminating between those who anchor and those who did not. An important result is that when controlling for anchoring – and allowing the degree of anchoring to differ between respondent groups – the efficiency of the double-bounded welfare estimate is greater than for the initial dichotomous choice question. This contrasts with earlier research that finds that the potential efficiency gain from the double-bounded questions is lost when anchoring is controlled for and that we are better off not asking follow-up questions. JEL Classification: Q26, C81, D71. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | framing effects |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | anchoring |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | heterogeneity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | contingent valuation |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Hollard, Guillaume |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Luchini, Stéphane |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 73 | 4 | 2008-01-22 | p. 369-385 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2007-4-page-369?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2007-4-page-369?lang=en&redirect-ssocas=7080</a> |
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