Starting point bias in contingent valuation bidding games
A starting-point bias in bidding games is examined. Three recent willingness-to-pay studies are used: 1. estimation of the value boaters and canoeists place on maintaining scenic beauty along a section of the Wisconsin River by contingent valuation (CV), 2. estimation of the value that hunters place...
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| Veröffentlicht in: | Land economics 1985-05, Vol.61 (2), p.188-194 |
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| container_end_page | 194 |
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| container_issue | 2 |
| container_start_page | 188 |
| container_title | Land economics |
| container_volume | 61 |
| creator | Boyle, Kevin J. Bishop, Richard C. Welsh, Michael P. |
| description | A starting-point bias in bidding games is examined. Three recent willingness-to-pay studies are used: 1. estimation of the value boaters and canoeists place on maintaining scenic beauty along a section of the Wisconsin River by contingent valuation (CV), 2. estimation of the value that hunters place on a special deer hunt at the Sandhill Wildlife Demonstration Area in Wisconsin by CV and a simulated market, and 3. data from a recent CV study on valuing marine recreation by Thompson and Roberts (1983). Simple consumer choice framework is used to model starting-point bias. Starting-point bias was found to exist in the 3 CV applications of the bidding game, but was not a difficulty in the simulated market application. It is, therefore, possible to influence a respondent's final bid over a substantial range by the selection of the initial bid. |
| doi_str_mv | 10.2307/3145811 |
| format | Article |
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Land Policy and Programme Planning Div</creatorcontrib><description>A starting-point bias in bidding games is examined. Three recent willingness-to-pay studies are used: 1. estimation of the value boaters and canoeists place on maintaining scenic beauty along a section of the Wisconsin River by contingent valuation (CV), 2. estimation of the value that hunters place on a special deer hunt at the Sandhill Wildlife Demonstration Area in Wisconsin by CV and a simulated market, and 3. data from a recent CV study on valuing marine recreation by Thompson and Roberts (1983). Simple consumer choice framework is used to model starting-point bias. Starting-point bias was found to exist in the 3 CV applications of the bidding game, but was not a difficulty in the simulated market application. It is, therefore, possible to influence a respondent's final bid over a substantial range by the selection of the initial bid.</description><identifier>ISSN: 0023-7639</identifier><identifier>EISSN: 1543-8325</identifier><identifier>DOI: 10.2307/3145811</identifier><identifier>CODEN: LAECAD</identifier><language>eng</language><publisher>Chicago: University of Wisconsin Press</publisher><subject>Beauty ; Bias ; Bidding ; Bids ; Coefficients ; Contingent ; Economic value ; estimacion ; investigacion operativa ; Land economics ; Mathematical analysis ; Natural resources ; operations research ; Point estimators ; recherche operationnelle ; Recreation ; Telephone interviews ; valeur d' estimation ; Valuation ; Water quality</subject><ispartof>Land economics, 1985-05, Vol.61 (2), p.188-194</ispartof><rights>Copyright 1985 Board of Regents of the University of Wisconsin System</rights><rights>Copyright University of Wisconsin Press May 1985</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c394t-7b6dfa6c80ffc6305b70b8ef6fe2edc00f7f30b4fd1dfaf495adbc412bce79b13</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/3145811$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/3145811$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,27868,27923,27924,58016,58249</link.rule.ids></links><search><creatorcontrib>Boyle, Kevin J.</creatorcontrib><creatorcontrib>Bishop, Richard C.</creatorcontrib><creatorcontrib>Welsh, Michael P.</creatorcontrib><creatorcontrib>Land Development Dept., Bangkok (Thailand). Land Policy and Programme Planning Div</creatorcontrib><title>Starting point bias in contingent valuation bidding games</title><title>Land economics</title><description>A starting-point bias in bidding games is examined. Three recent willingness-to-pay studies are used: 1. estimation of the value boaters and canoeists place on maintaining scenic beauty along a section of the Wisconsin River by contingent valuation (CV), 2. estimation of the value that hunters place on a special deer hunt at the Sandhill Wildlife Demonstration Area in Wisconsin by CV and a simulated market, and 3. data from a recent CV study on valuing marine recreation by Thompson and Roberts (1983). Simple consumer choice framework is used to model starting-point bias. Starting-point bias was found to exist in the 3 CV applications of the bidding game, but was not a difficulty in the simulated market application. It is, therefore, possible to influence a respondent's final bid over a substantial range by the selection of the initial bid.</description><subject>Beauty</subject><subject>Bias</subject><subject>Bidding</subject><subject>Bids</subject><subject>Coefficients</subject><subject>Contingent</subject><subject>Economic value</subject><subject>estimacion</subject><subject>investigacion operativa</subject><subject>Land economics</subject><subject>Mathematical analysis</subject><subject>Natural resources</subject><subject>operations research</subject><subject>Point estimators</subject><subject>recherche operationnelle</subject><subject>Recreation</subject><subject>Telephone interviews</subject><subject>valeur d' estimation</subject><subject>Valuation</subject><subject>Water quality</subject><issn>0023-7639</issn><issn>1543-8325</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1985</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNp90E1LAzEQBuAgCtYq_gNZVPC0Okl283GU4hcUPNSeQ5JNypZ2U5Ot4L9vlu1V5zIw8zADL0LXGB4JBf5EcVULjE_QBNcVLQUl9SmaABBackblObpIaQ25OOMTJBe9jn3brYpdaLu-MK1ORdsVNnTD1OXRj97sdd-GLi-bZqArvXXpEp15vUnu6tinaPn68jV7L-efbx-z53lpqaz6khvWeM2sAO8to1AbDkY4z7wjrrEAnnsKpvINzs5XstaNsRUmxjouDaZTdDve3cXwvXepV-uwj11-qQgwTjjFA7r7C2EiGcNCSJnVw6hsDClF59UutlsdfxUGNYSnjuFleT_KdepD_IfdjMzroPQqtkktF1gKluMWADU9AKAqdME</recordid><startdate>19850501</startdate><enddate>19850501</enddate><creator>Boyle, Kevin J.</creator><creator>Bishop, Richard C.</creator><creator>Welsh, Michael P.</creator><general>University of Wisconsin Press</general><scope>FBQ</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>FIXVA</scope><scope>FUVTR</scope><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19850501</creationdate><title>Starting point bias in contingent valuation bidding games</title><author>Boyle, Kevin J. ; Bishop, Richard C. ; Welsh, Michael P.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c394t-7b6dfa6c80ffc6305b70b8ef6fe2edc00f7f30b4fd1dfaf495adbc412bce79b13</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1985</creationdate><topic>Beauty</topic><topic>Bias</topic><topic>Bidding</topic><topic>Bids</topic><topic>Coefficients</topic><topic>Contingent</topic><topic>Economic value</topic><topic>estimacion</topic><topic>investigacion operativa</topic><topic>Land economics</topic><topic>Mathematical analysis</topic><topic>Natural resources</topic><topic>operations research</topic><topic>Point estimators</topic><topic>recherche operationnelle</topic><topic>Recreation</topic><topic>Telephone interviews</topic><topic>valeur d' estimation</topic><topic>Valuation</topic><topic>Water quality</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Boyle, Kevin J.</creatorcontrib><creatorcontrib>Bishop, Richard C.</creatorcontrib><creatorcontrib>Welsh, Michael P.</creatorcontrib><creatorcontrib>Land Development Dept., Bangkok (Thailand). 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Land Policy and Programme Planning Div</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Starting point bias in contingent valuation bidding games</atitle><jtitle>Land economics</jtitle><date>1985-05-01</date><risdate>1985</risdate><volume>61</volume><issue>2</issue><spage>188</spage><epage>194</epage><pages>188-194</pages><issn>0023-7639</issn><eissn>1543-8325</eissn><coden>LAECAD</coden><abstract>A starting-point bias in bidding games is examined. Three recent willingness-to-pay studies are used: 1. estimation of the value boaters and canoeists place on maintaining scenic beauty along a section of the Wisconsin River by contingent valuation (CV), 2. estimation of the value that hunters place on a special deer hunt at the Sandhill Wildlife Demonstration Area in Wisconsin by CV and a simulated market, and 3. data from a recent CV study on valuing marine recreation by Thompson and Roberts (1983). Simple consumer choice framework is used to model starting-point bias. Starting-point bias was found to exist in the 3 CV applications of the bidding game, but was not a difficulty in the simulated market application. It is, therefore, possible to influence a respondent's final bid over a substantial range by the selection of the initial bid.</abstract><cop>Chicago</cop><pub>University of Wisconsin Press</pub><doi>10.2307/3145811</doi><tpages>7</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0023-7639 |
| ispartof | Land economics, 1985-05, Vol.61 (2), p.188-194 |
| issn | 0023-7639 1543-8325 |
| language | eng |
| recordid | cdi_proquest_journals_206727311 |
| source | Business Source Complete; Periodicals Index Online; JSTOR Archive Collection A-Z Listing |
| subjects | Beauty Bias Bidding Bids Coefficients Contingent Economic value estimacion investigacion operativa Land economics Mathematical analysis Natural resources operations research Point estimators recherche operationnelle Recreation Telephone interviews valeur d' estimation Valuation Water quality |
| title | Starting point bias in contingent valuation bidding games |
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