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Choice Certainty and Consistency in Repeated Choice Experiments
Choice Certainty and Consistency in Repeated Choice Experiments
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Choice Certainty and Consistency in Repeated Choice Experiments
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Choice Certainty and Consistency in Repeated Choice Experiments
Choice Certainty and Consistency in Repeated Choice Experiments

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Choice Certainty and Consistency in Repeated Choice Experiments
Choice Certainty and Consistency in Repeated Choice Experiments
Journal Article

Choice Certainty and Consistency in Repeated Choice Experiments

2010
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Overview
The main objective of this study is to examine how repeated choice affects preference learning in stated preference experiments. We test different hypotheses related to preference learning by analyzing response patterns and asking respondents in a choice experiment to report their experienced certainty when going through the choice tasks. In a split-sample test, we show that follow-up choice certainty questions are procedural invariant. The self-reported certainty results indicate that learning occurs, but econometric testing procedures do not identify any significant impact of learning effects on parameter estimates or variance across choice tasks. Additional tests of choice consistency suggest that preferences in the choice experiment are stable and coherent.