Elicitation bias in Multiple Price Lists: A field experiment

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2025
Volume: 119
Issue: C

Authors (4)

Holden, Stein T. (Norges miljø- og biovitenskape...) Tione, Sarah (not in RePEc) Tilahun, Mesfin (not in RePEc) Katengeza, Samson (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Multiple Price Lists (MPLs) or Choice Lists (CLs) are widely used to elicit risk and time preferences, yet are prone to cognitive biases, particularly among respondents with limited numeracy skills. This paper compares three elicitation approaches; row-by-row from the top, from the bottom, and a Rapid Elicitation (RE) method using random starting points; in a field experiment with 906 rural Malawian farmers. With 20 MPLs per subject, we estimate starting point and order biases in switch points using nonparametric and parametric methods.

Technical Details

RePEc Handle
repec:eee:soceco:v:119:y:2025:i:c:s2214804325001430
Journal Field
Experimental
Author Count
4
Added to Database
2026-02-02