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Design of stated preference surveys: Is there more to learn from behavioral economics?

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  • Carlsson, Fredrik

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

We discuss the design of stated preference (SP) surveys in light of findings in behavioral economics such as context dependence of preferences, learning, and differences between revealed and normative preferences. More specifically, we discuss four different areas: (i) revealed and normative preferences, (ii) learning and constructed preferences, (iii) context dependence, and (iv) hypothetical bias. We argue that SP methods would benefit from adapting to some of the findings in behavioral economics, but also that behavioral economics may gain insights from studying SP methods.

Suggested Citation

  • Carlsson, Fredrik, 2009. "Design of stated preference surveys: Is there more to learn from behavioral economics?," Working Papers in Economics 418, University of Gothenburg, Department of Economics.
    • Handle: RePEc:hhs:gunwpe:0418
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    File URL: http://hdl.handle.net/2077/21526
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    Keywords

    stated preferences; behavioral economics;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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