Elicitation of PreferencesBaruch Fischhoff, Charles F. Manski Economists and psychologists have, on the whole, exhibited sharply different perspectives on the elicitation of preferences. Economists, who have made preference the central primitive in their thinking about human behavior, have for the most part rejected elicitation and have instead sought to infer preferences from observations of choice behavior. Psychologists, who have tended to think of preference as a context-determined subjective construct, have embraced elicitation as their dominant approach to measurement. This volume, based on a symposium organized by Daniel McFadden at the University of California at Berkeley, provides a provocative and constructive engagement between economists and psychologists on the elicitation of preferences. |
Contents
A Review and CapitalLaborProduction Framework | 7 |
A Review and CapitalLaborProduction Framework | 43 |
A Review and Capital LaborProduction Framework | 47 |
Analysis of Choice Expectations in Incomplete Scenarios | 49 |
Commentary on Analysis of Choice Expectations in Incomplete Scenarios | 67 |
Commentary on Analysis of Choice Expectations in Incomplete Scenarios | 71 |
Rationality for Economists? | 73 |
A Commentary on Rationality for Economists? | 107 |
Commentary on Fischhoff et al Construal Processes in Preference Assessment | 165 |
A Commentary on Construal Processes in Preference Assessment | 169 |
Choice Bracketing | 171 |
A Commentary on Read et al Choice Bracketing | 199 |
Commentary on Choice Bracketing by Read Loewenstein and Rabin | 201 |
An Analysis of Dollar Responses to Public Issues | 203 |
An Analysis of Dollar Responses to Public Issues by Kahneman Ritov and Schkade | 237 |
An Analysis of Dollar Responses to Public Issues by Kahneman et al | 241 |
A Commentary on Rationality for Economists? | 109 |
Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys | 111 |
Commentary on Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys | 137 |
Construal Processes in Preference Assessment | 139 |
Towards a Building Code | 243 |
271 | |
Towards a Building Code by Payne Bettman and Schkade | 273 |
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Common terms and phrases
1999 Kluwer Academic acquiescence bias alternatives anchoring effects answer asked Assessment asset attitudes balanced format Baruch Fischhoff Bettman biases broad bracketing building code Camerer CCDF choice behavior choice expectations choice functions choice set cognitive psychology construal processes constructed preferences consumers context Contingent Valuation decision problem Decision Processes decision theory distribution dollar responses economists elicited endowment effect entry point environmental estimates evaluation example expected choice experiments expression Fischhoff gambles heuristics housing value hypothetical incomplete scenario individual Journal of Risk judgment Kahneman learning Loewenstein loss aversion lottery Manski McFadden measurement median Mental Accounting narrow bracketing objects outcomes paper Payne performance person prediction preference elicitation preference reversals Prelec problem Prospect Theory Psychology question rationality reported respondents revealed preference Review Risk and Uncertainty scale Schkade Slovic Social studies survey SWTP Table task Thaler theory tion tradeoffs Tversky utility variance Wave