Ebook: Elicitation of Preferences

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.

---

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.

---

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.
Content:
Front Matter....Pages 1-4
Editors’ Introduction: Elicitation of Preferences....Pages 5-6
The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework....Pages 7-48
Analysis of Choice Expectations in Incomplete Scenarios....Pages 49-72
Rationality for Economists?....Pages 73-110
Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys....Pages 111-138
Construal Processes in Preference Assessment....Pages 139-170
Choice Bracketing....Pages 171-202
Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues....Pages 203-242
Measuring Constructed Preferences: Towards a Building Code....Pages 243-275

---

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.
Content:
Front Matter....Pages 1-4
Editors’ Introduction: Elicitation of Preferences....Pages 5-6
The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework....Pages 7-48
Analysis of Choice Expectations in Incomplete Scenarios....Pages 49-72
Rationality for Economists?....Pages 73-110
Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys....Pages 111-138
Construal Processes in Preference Assessment....Pages 139-170
Choice Bracketing....Pages 171-202
Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues....Pages 203-242
Measuring Constructed Preferences: Towards a Building Code....Pages 243-275
....