A penny for your thoughts: Inducing truth-telling in stated preference elicitation

被引：27
作者：
Barrage, Lint [1 ]
Lee, Min Sok [2 ]
机构：
[1] Yale Univ, Dept Econ, New Haven, CT 06520 USA
[2] Kenneth & Anne Griffin Fdn, Chicago, IL USA
来源：
ECONOMICS LETTERS | 2010年 / 106卷 / 02期
关键词：
Bayesian truth serum; Cheap-talk; Contingent valuation; Hypothetical bias; Stated preference; CONTINGENT VALUATION; HYPOTHETICAL BIAS;
D O I：
10.1016/j.econlet.2009.11.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Contingent valuation often induces hypothetical bias In a laboratory experiment, we test three calibration mechanisms: cheap-talk. consequentialism, and a new mechanism, the Bayesian truth serum ("BTS") We apply the BTS in a "faith-based" formal subjects are informed about the purpose and potential efficacy Of the BTS. but not its theoretical foundations We find that real and hypothetical responses differ significantly, real and consequentialist responses are statistically indistinguishable; cheap-talk and the BTS eliminate bias inconsistently, Subject characteristics interact significantly with treatment (C) 2009 Elsevier B V All rights reserved.
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页码：140 / 142
页数：3
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