Reducing Status Quo Bias in Choice Experiments

To secure the validity and applicability of stated preference measures in economic analysis, hypothetical preferences must mimic real life preferences. For instance, people have a propensity to prefer what they already have when presented with alternatives that, all things being equal, seem to be su...

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Bibliographic Details
Main Authors: Ole Bonnichsen, Jacob Ladenburg
Format: Article
Language:English
Published: University of Oslo 2015-01-01
Series:Nordic Journal of Health Economics
Subjects:
Online Access:https://journals.uio.no/NJHE/article/view/645