Mitigating Hypothetical Bias in Stated Preference Data: Evidence from Sports Tourism
AbstractOne of the major criticisms of stated preference data is hypothetical bias. Using a unique data set of both stated and actual behavior we test for hypothetical bias of stated preference survey responses. We consider whether respondents tend to overstate their participatory sporting event behavior ex ante when compared to their actual behavior at different registration fees. We find that behavioral intentions accurately predicts actual behavior at a middle level of respondent certainty, over predicts actual behavior at a lower level of certainty and under predicts behavior at a higher level of certainty. This suggests that respondent uncertainty corrections can be used to mitigate hypothetical bias. Stated preference data can be used better understand actual behavior in situations where no data exist. Key Words: Hypothetical bias, stated preference data
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 14-06.
Date of creation: 2014
Date of revision:
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Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
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Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-GER-2014-04-11 (German Papers)
- NEP-SPO-2014-04-11 (Sports & Economics)
- NEP-TUR-2014-04-11 (Tourism Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Hypothetical Bias presentation at TAMU; & et cetera
by John Whitehead in Environmental Economics on 2014-04-11 09:37:46
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