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THE RANDOM CARD SORT METHOD AND RESPONDENT CERTAINTY IN CONTINGENT VALUATION: AN EXPLORATORY INVESTIGATION OF RANGE BIAS.

Authors :
Shackley, Phil
Dixon, Simon
Source :
Health Economics; Oct2014, Vol. 23 Issue 10, p1213-1223, 11p
Publication Year :
2014

Abstract

ABSTRACT Willingness to pay (WTP) values derived from contingent valuation surveys are prone to a number of biases. Range bias occurs when the range of money values presented to respondents in a payment card affects their stated WTP values. This paper reports the results of an exploratory study whose aim was to investigate whether the effects of range bias can be reduced through the use of an alternative to the standard payment card method, namely, a random card sort method. The results suggest that the random card sort method is prone to range bias but that this bias may be mitigated by restricting the analysis to the WTP values of those respondents who indicate they are 'definitely sure' they would pay their stated WTP. Copyright © 2013 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10579230
Volume :
23
Issue :
10
Database :
Complementary Index
Journal :
Health Economics
Publication Type :
Academic Journal
Accession number :
97903448
Full Text :
https://doi.org/10.1002/hec.2980