An independent sample test of yea-saying and starting point bias in dichotomous-choice contingent valuation

Journal Article (Journal Article)

We developed several diagnostic tools to test the convergent validity of two common contingent valuation elicitation procedures. Data were collected from independent samples receiving dichotomous choice and payment card questions. We compared actual with counter-factual responses using deterministic and Monte Carlo methods and we found that WTP distributions and mean values varied by the value elicitation method. We also developed a paired-comparison test for procedure variance which indicated that yea-saying and starting point bias influenced dichotomous choice responses. © 1995 by Academic Press, Inc.

Full Text

Duke Authors

Cited Authors

  • Holmes, TP; Kramer, RA

Published Date

  • January 1, 1995

Published In

Volume / Issue

  • 29 / 1

Start / End Page

  • 121 - 132

Electronic International Standard Serial Number (EISSN)

  • 1096-0449

International Standard Serial Number (ISSN)

  • 0095-0696

Digital Object Identifier (DOI)

  • 10.1006/jeem.1995.1035

Citation Source

  • Scopus