oru.sePublikationer
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Is 'referencing' a remedy to hypothetical bias in value of time elicitation?: Evidence from economic experiments
Örebro University, Örebro University School of Business. (Nationalekonomi)ORCID iD: 0000-0003-1172-1076
Örebro University, Örebro University School of Business. (Nationalekonomi)
2017 (English)In: Transportation, ISSN 0049-4488, E-ISSN 1572-9435Article in journal (Refereed) Epub ahead of print
Abstract [en]

This paper demonstrates that commonly used methods for eliciting value of time can give downward bias and investigates whether this can be reversed by ‘referencing’ as has been suggested (e.g., by Hensher in Transp Res B 44:735–752,2010), i.e. with attributes of choice alternatives pivoted around a recently made journey. Value-of-time choice experiments were conducted in two rounds. In the first round, real and hypothetical purchases of performance of a simple time-consuming task were done to assess hypothetical bias; in the second round, participants were asked to do hypothetical travel choices with and without ‘referencing’ to a specific occasion, to be able to test ‘referencing’ as a remedy to the bias confirmed in the first round. A negative hypothetical bias was found for allocation of time at another occasion than the present (but not for a decision concern allocation of time ‘here and now’). A striking result was held from the second round experiments: ‘referencing’ indeed affects responses, but by reducing the elicited implicit value of time, so any negative hypothetical bias that would exist without ‘referencing’ would have been further magnified by the ‘referencing’ design.

Place, publisher, year, edition, pages
Springer, 2017.
Keyword [en]
Value of time; Stated choice; Certainty calibration; Referencing
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-59113DOI: 10.1007/s11116-017-9803-1OAI: oai:DiVA.org:oru-59113DiVA: diva2:1134034
Available from: 2017-08-17 Created: 2017-08-17 Last updated: 2017-11-09Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Authority records BETA

Hultkrantz, LarsSavsin, Selen

Search in DiVA

By author/editor
Hultkrantz, LarsSavsin, Selen
By organisation
Örebro University School of Business
In the same journal
Transportation
Economics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 42 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf