2019/07/01 by Patrick Lloyd‐Smith, Patrick Lloyd-Smith, Wiktor Adamowicz +1 · 1 citation
Decision Sciences · Economics, Econometrics and Finance · #Decision-Making and Behavioral Economics #Economic and Environmental Valuation #Economics of Agriculture and Food Markets
paper · doi:10.3368/le.95.3.293
crossref issued 2019/07/01 · crossref published 2019/07/01 · crossref published-online 2019/07/01 · openalex publication_date 2019/07/01 · crossref created 2019/07/01 · crossref published-print 2019/08/01 · crossref deposited 2024/01/25 · openalex created_date 2025/10/10 · crossref indexed 2026/07/26 · openalex updated_date 2026/07/26
Although consequentiality has transformed the focus of stated preference research, there are concerns with including elicited consequentiality perceptions in econometric models. We test the effect of varying the order of the valuation and consequentiality questions using data from a drinking water reliability survey. We find that this ordering has a substantial impact on consequentiality perceptions. We address the potential endogeneity of consequentiality perceptions and find that they do not have a significant impact on voting. These results provide caution on the use of consequentiality questions and suggest these questions may not be a panacea for stated preference validity issues.