Elicitation of Preferences

1. Front Matter

   Pages 1-4

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2. Editors’ Introduction: Elicitation of Preferences

   • Baruch Fischhoff, Charles F. Manski

   Pages 5-6

3. The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework

   • Colin F. Camerer, Robin M. Hogarth, David V. Budescu, Catherine Eckel

   Pages 7-48

4. Analysis of Choice Expectations in Incomplete Scenarios

   • Charles F. Manski, Kenneth I. Wolpin, Elke U. Weber

   Pages 49-72

5. Rationality for Economists?

   • Daniel McFadden, Mark J. Machina, Jonathan Baron

   Pages 73-110

6. Anchoring and Acquiescence Bias in Measuring Assets in Household Surveys

   • Michael D. Hurd, Arie Kapteyn

   Pages 111-138

7. Construal Processes in Preference Assessment

   • Baruch Fischhoff, Ned Welch, Shane Frederick, Jeff Dominitz, Timothy L. McDaniels

   Pages 139-170

8. Choice Bracketing

   • Daniel Read, George Loewenstein, Matthew Rabin, Gideon Keren, David Laibson

   Pages 171-202

9. Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues

   • Daniel Kahneman, Ilana Ritov, David Schkade, Steven J. Sherman, Hal R. Varian

   Pages 203-242

10. Measuring Constructed Preferences: Towards a Building Code

    • John W. Payne, James R. Bettman, David A. Schkade, Norbert Schwarz, Robin Gregory

    Pages 243-275

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 elicitation and have instead sought to infer preferences from observations of choice behavior. Psychologists, who have tended to think of preference as a context-determined subjective construct, have embraced elicitation as their dominant approach to measurement.
This volume, based on a symposium organized by Daniel McFadden at the University of California at Berkeley, provides a provocative and constructive engagement between economists and psychologists on the elicitation of preferences.

• behavior
• calculus
• human behavior
• linear optimization
• production

• Department of Social and Decision Sciences, Carnegie Mellon University, USA

  Baruch Fischhoff

• Department of Economics, Northwestern University, USA

  Charles F. Manski

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