Journal ArticleDOI
How Closely Do Hypothetical Surveys and Laboratory Experiments Predict Field Behavior
TLDR
In this article, the authors compare the ability of three preference elicitation methods (hypothetical choices, non-, hypothetical choices, and non-hypotheses) and three discrete-choice econometric models (the multinomial logit [MNL], the independent availability logit, and the random parameter logit (RPL)) to predict actual retail shopping behavior in three different product categories (ground beef, wheat flour, and dishwashing liquid).Abstract:
We compare the ability of three preference elicitation methods (hypothetical choices, nonhypothetical choices, and nonhypothetical rankings) and three discrete-choice econometric models (the multinomial logit [MNL], the independent availability logit [IAL], and the random parameter logit [RPL]) to predict actual retail shopping behavior in three different product categories (ground beef, wheat flour, and dishwashing liquid). Overall, we find a high level of external validity. Our specific results suggest that the nonhypothetical elicitation approaches, especially the nonhypothetical ranking method, outperformed the hypothetical choice experiment in predicting retail sales. We also find that the RPL can have superior predictive performance, but that the MNL predicts equally well in some circumstances. experiment.read more
Citations
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Journal ArticleDOI
What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World
Steven D. Levitt,John A. List +1 more
TL;DR: The authors build a model in which the choices that individuals make depend not just on financial implications, but also on the nature and extent of scrutiny by others, the particular context in which a decision is embedded, and the manner in which participants and tasks are selected.
Journal ArticleDOI
Consumers' willingness to pay for organic chicken breast: Evidence from choice experiment
TL;DR: In this paper, the authors assess consumers' willingness to pay (WTP) for organic chicken using a choice experiment and find that consumers are willing to pay a premium of 1.193$/lb (34.8%) for the general organic label and 3.545 $/lb(103.5%) for a USDA organic label.
Journal ArticleDOI
If you build it, will they eat it? Consumer preferences for plant-based and cultured meat burgers.
TL;DR: Preference for beef burgers is found to be highly, but not perfectly, correlated with age, sex, views of other food technologies, and attitudes towards the environment and agriculture.
Journal ArticleDOI
Consumers’ preferences for geographical origin labels: evidence from the Canadian olive oil market
TL;DR: In this article, the authors consider demand in a non-EU export market for two distinct label types: country of origin (COO) and geographical indications (GIs), and find that consumers value PDOs more than PGIs.
Journal ArticleDOI
Hypothetical bias in Stated Choice Experiments: Is it a problem? And if so, how do we deal with it?
TL;DR: In this paper, the authors examined the existence of hypothetical bias in a transport-related Stated Choice (SC) experiment and explored the extent to which mitigation techniques (cheap talk and certainty scales) influence hypothetical bias.
References
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Book
Discrete Choice Methods with Simulation
TL;DR: In this paper, the authors describe the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation, and compare simulation-assisted estimation procedures, including maximum simulated likelihood, method of simulated moments, and methods of simulated scores.
Book
Stated Choice Methods: Analysis and Applications
TL;DR: In this article, stated preference models and methods are presented for choosing a residential telecommunications bundle and a choice model for a particular set of products and services, as a way of life for individuals.
Journal ArticleDOI
Mixed mnl models for discrete response
Daniel McFadden,Kenneth Train +1 more
TL;DR: In this article, the adequacy of a mixing specification can be tested simply as an omitted variable test with appropriately definedartificial variables, and a practicalestimation of aarametricmixingfamily can be run by MaximumSimulated Likelihood EstimationorMethod ofSimulatedMoments, andeasilycomputedinstruments are provided that make the latter procedure fairly eAcient.
Journal ArticleDOI
On Approximating the Statistical Properties of Elasticities
Itzhak Krinsky,A. Leslie Robb +1 more
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