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

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The Effects of Financial Incentives in Experiments: A Review and Capital-LaborProduction Framework .............. Colin R. Camerer and Robin M Hogarth 7 43 Commentary 1 ..................................... David V. Budescu Commentary 2 ....................................... Catherine Eckel 47 Analysis of Choice Expectations in Incomplete Scenarios .... Charles R Manski Commentary 1 ..................................... Kenneth L Wolpin Commentary 2 ........................................ Elke U. m:ber

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Rationality for Economists? ............................ Daniel McFadden Commentary 1 ..................................... . Markl Machina Commentary 2 ..................................... . Jonathan Baron

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Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys .................................................... Michael D. Hurd Commentary 1 ........................................ . Arie Kapteyn

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Construal Processes in Preference Assessment ........................... . . . . . . . . . . . . . . . . . . . . . . . . . . Baruch Fischhoff, Ned Welch and Shane Frederick Commentary 1 ........................................ . Jeff Dominitz Commentary 2 ................................. Timothy L. McDaniels Choice Bracketing ....... Daniel Read, George Loewenstein and Matthew Rabin Commentary 1 ........................................ Gideon Keren Commentary 2 ....................................... David Laibson

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Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues ............ Daniel Kahneman, Ilana Ritov and David Schkade 203 Commentary 1 ..................................... Steven 1 Sherman 237 Commentary 2 ........................................ Hal R. Varian 241 Measuring Constructed Preferences: Thwards a Building Code ............. . . . . . . . . . . . . . . . . . . . . . John W. Payne, lames R. Bettman and David A. Schkade Commentary 1 ...................................... Norbert Schwarz Commentary 2 ........................................ Robin Gregory

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ELICITATION OF PREFERENCES

edited by

Baruch Fischhoff Department of Social and Decision Sciences Carnegie Mellon University

Charles F. Manski Department of Economics Northwestern University

A Special Issue of

JOURNAL OF RISK AND UNCERTAINTY Volume 19, Nos. 1-3 (1999)

SPRINGER SCIENCE+BUSINESS MEDIA, LLC

Library of Congress Cataloging-in-Publication Data Elicitation of preferenees I edited by Barueh Fisehhoff, Charles F. Manski. p. em. "A special issue of Joumal ofrisk and uneertainty, volume 19, nos. 1-3 (1999)." Revised papers presented at a summer 1997 symposium organized at the University of California, Berkeley, by Daniel MeFadden, and with eommentaries added by invited psyehologists and eeonomists. IncIudes bibliographical referenees. ISBN 978-90-481-5776-1 ISBN 978-94-017-1406-8 (eBook) DOI 10.1007/978-94-017-1406-8 1. Consumers' preferenees--Congresses. 2. Preferenees (Philosophy)--Congresses. 3. Eeon