Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204312
Authors: 
Bonnichsen, Ole
Ladenburg, Jacob
Year of Publication: 
2010
Series/Report no.: 
FOI Working Paper No. 2010/7
Abstract: 
In stated preference literature, the tendency to choose the alternative representing the status quo situation seems to exceed real life status quo effects. Accordingly, status quo bias can be a problem. In Choice Experiments, status quo bias is found to be strongly correlated with protest attitudes toward the cost attribute. If economic values are to be elicited, this problem is difficult to remedy. In a split sample framework we test a novel ex-ante entreaty aimed specifically at the cost attribute and find that it effectively reduces status quo bias and improves the internal validity of the hypothetical preferences.
Subjects: 
Choice Experiment
Status Quo Bias
Entreaty
Stated Preference
JEL: 
C10
C51
C52
C90
Document Type: 
Working Paper

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