A COMPARISON OF CHEAP TALK AND ALTERNATIVE CERTAINTY CALIBRATION TECHNIQUES IN CONTINGENT VALUATION

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dc.creatorSamnaliev, Mihail
dc.creatorStevens, Thomas H.
dc.creatorMore, Thomas
dc.date2017-04-01T19:50:55Z
dc.date.accessioned2026-07-09T03:11:09Z
dc.descriptionA field test of cheap talk and two types of certainty calibration in contingent valuation of public lands indicated that cheap talk does not reduce WTP estimates. Use of a ten point certainty calibration scale reduces WTP estimates by about half. However, adjusting for uncertainty using a 'Not Sure' option does not reduce WTP estimates but increases the variance in responses. There may be a conceptual difference between these two ways of accounting for respondents' uncertainty, which may suggest why they provide different WTP value estimates and variances.
dc.identifierdoi:10.22004/ag.econ.14517
dc.identifierhttps://ageconsearch.umn.edu/record/14517/files/wp030011.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/14517
dc.identifier.urihttp://hdl.handle.net/123456789/528053
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/14517
dc.titleA COMPARISON OF CHEAP TALK AND ALTERNATIVE CERTAINTY CALIBRATION TECHNIQUES IN CONTINGENT VALUATION
dc.typeText

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