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A measure of hypothetical bias, or the divergence between stated and revealed preferences,based on conditional cross-forecasting accuracy is suggested, based on out-ofsampleprediction accuracy when estimates from stated preference data are used inplace of those from actual choices, and vice versa. We describe an application of thismeasure to assess hypothetical bias in the context of an inquiry into people’s willingnessto pay to avoid canola oil produced from genetically modified plants. The analysissuggests the presence of groupwise hypothetical bias in these choice data.

Subject(s): Labor and Human Capital

Issue Date: 2011-09

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/186962 Published in: Volume 55, Issue 3

Australian Journal of Agricultural and Resource Economics Page range: 429-450

Total Pages: 22

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > Australian Journal of Agricultural and Resource Economics





Autor: Volinskiy, Dmitriy ; Adamowicz, Wiktor L. ; Veeman, Michele

Fuente: http://ageconsearch.umn.edu/record/186962?ln=en







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