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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

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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, br. 1, 2018, str. 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, br. 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), str. 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. [pristupljeno 13.11.2024.];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, br. 1, str. 75-82, 2018. [Online]. Dostupno na: https://urn.nsk.hr/urn:nbn:hr:184:059687. [Citirano: 13.11.2024.]

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Podaci o radu
Naslov (engleski)Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information
AutorAna Bobinac
MBZ: 345143
Autorova ustanovaSveučilište u Rijeci
Medicinski fakultet
Znanstveno / umjetničko
područje, polje i grana		BIOMEDICINA I ZDRAVSTVO
Javno zdravstvo i zdravstvena zaštita
Znanstveno / umjetničko
područje, polje i grana		DRUŠTVENE ZNANOSTI
Ekonomija
Sažetak (engleski)
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.
Ključne riječi (engleski)
Jezikengleski
Vrsta publikacijeZnanstveni rad - Izvorni znanstveni rad
Status objaveObjavljen
Vrsta recenzijeRecenziran
Verzija publikacijeObjavljena verzija rada (izdavačev PDF)
Naslov časopisaThe European journal of health economics
Brojčani podacivol. 20, br. 1, str. 75-82
p-ISSN1618-7598
DOIhttps://doi.org/10.1007/s10198-018-0983-1
URN:NBNurn:nbn:hr:184:059687
Datum objave publikacije2018
URL dokumentahttp://bib.irb.hr/1000349
Vrsta resursaTekst
Prava pristupaOgraničen pristup
Uvjeti korištenjaIkona licence Zaštićeno autorskim pravom.
Datum i vrijeme pohrane2022-02-25 17:23:41