IS CHEAP TALK EFFECTIVE AT ELIMINATING HYPOTHETICAL BIAS IN A PROVISION
| dc.creator | Murphy, James J. | |
| dc.creator | Stevens, Thomas H. | |
| dc.creator | Weatherhead, Darryl | |
| dc.date | 2017-04-01T16:41:46Z | |
| dc.date.accessioned | 2026-07-09T03:11:08Z | |
| dc.description | Significant difference between response to real and hypothetical valuation questions is often referred to as hypothetical bias. Some economists have had success with using "cheap talk" (which entails reading a script that explicitly highlights the hypothetical bias problem before participants make any decisions) as a means of generating unbiased responses in a referendum format. In this article, we test the robustness of cheap talk using a voluntary contribution mechanism with a provision point over a wide range of possible payment amounts. Our results confirm the existence of hypothetical bias, and suggest that cheap talk may eliminate hypothetical bias, but only for respondents facing higher payments. | |
| dc.identifier | doi:10.22004/ag.econ.14510 | |
| dc.identifier | https://ageconsearch.umn.edu/record/14510/files/wp030002.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/14510 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/528046 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/14510 | |
| dc.title | IS CHEAP TALK EFFECTIVE AT ELIMINATING HYPOTHETICAL BIAS IN A PROVISION | |
| dc.type | Text |