Literature DB >> 23922327

The random card sort method and respondent certainty in contingent valuation: an exploratory investigation of range bias.

Phil Shackley1, Simon Dixon.   

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.

Keywords:  contingent valuation; range bias; respondent certainty; willingness to pay

Mesh:

Year:  2013        PMID: 23922327     DOI: 10.1002/hec.2980

Source DB:  PubMed          Journal:  Health Econ        ISSN: 1057-9230            Impact factor:   3.046


  5 in total

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3.  The impact of the design of payment scales on the willingness to pay for health gains.

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5.  Eliciting willingness-to-pay to prevent hospital medication administration errors in the UK: a contingent valuation survey.

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Journal:  BMJ Open       Date:  2022-02-01       Impact factor: 2.692

  5 in total

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