prikaz prve stranice dokumenta Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information
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Scientific paper - Original scientific paper
Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information
The European journal of health economics, 20 (2018), 1; 75-82. https://doi.org/10.1007/s10198-018-0983-1
Bobinac, Ana

Cite this document

Bobinac, A. (2018). Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information. The European journal of health economics, 20. (1), 75-82. doi: 10.1007/s10198-018-0983-1

Bobinac, Ana. "Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information." The European journal of health economics, vol. 20, no. 1, 2018, pp. 75-82. https://doi.org/10.1007/s10198-018-0983-1

Bobinac, Ana. "Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information." The European journal of health economics 20, no. 1 (2018): 75-82. https://doi.org/10.1007/s10198-018-0983-1

Bobinac, A. (2018) 'Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information', The European journal of health economics, 20(1), pp. 75-82. doi: 10.1007/s10198-018-0983-1

Bobinac A. Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information. The European journal of health economics [Internet]. 2018 [cited 2024 July 13];20(1):75-82. doi: 10.1007/s10198-018-0983-1

A. Bobinac, "Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information", The European journal of health economics, vol. 20, no. 1, pp. 75-82, 2018. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:184:059687. [Accessed: 13 July 2024]

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Metadata
Title (english)Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information
AuthorAna Bobinac
MBZ: 345143
Author's institutionUniversity of Rijeka
Faculty of Medicine
Scientific / art field,
discipline and subdiscipline		BIOMEDICINE AND HEALTHCARE
Public Health and Health Care
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
One possible source of hypothetical bias in willingness to pay (WTP) estimates is response uncertainty, referring to subject’s uncertainty about the value of the good under assessment. It has been argued that uncertainty can be measured using the post-valuation ‘certainty question’ that asks: ‘How certain are you about your stated WTP?’ and marks the degree of certainty on a quantitative or a qualitative scale. Research has shown that the self- reported certainty evaluations can help mitigate hypothetical bias and obtain increasingly accurate WTP estimates. These study reports present a simple test of reliability of post-valuation certainty assessment and then looks at the empirical evidence for clues regarding the general usefulness of certainty adjustment in mitigating hypothetical bias in WTP studies. We find that the post-estimation uncertainty scores are malleable, i.e., significantly correlated with entirely irrelevant information. We conclude that more robust evidence could justify the routine inclusion of certainty evaluation in WTP studies although in the meantime the interpretation of certainty- adjusted WTP values should be approached cautiously.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleThe European journal of health economics
Numberingvol. 20, no. 1, pp. 75-82
p-ISSN1618-7598
DOIhttps://doi.org/10.1007/s10198-018-0983-1
URN:NBNurn:nbn:hr:184:059687
Publication2018
Document URLhttp://bib.irb.hr/1000349
Type of resourceText
Access conditionsRestricted access
Terms of useLicence In copyright icon
Created on2022-02-25 17:23:41