Hypothetical bias mitigation in representative and convenience samples

Author:

Penn Jerrod M.1,Petrolia Daniel R.2,Fannin J. Matthew1

Affiliation:

1. Department of Agricultural Economics and Agribusiness Louisiana State University and LSU Agricultural Center Baton Rouge Louisiana USA

2. Department of Agricultural Economics Mississippi State University Mississippi USA

Abstract

AbstractThis is a case study comparing outcomes for a probability‐based representative sample versus a non‐probability convenience sample for the valuation of beach condition information among Gulf of Mexico residents. We test the efficacy of several techniques used to adjust for hypothetical bias and sample weighting to reduce hypothetical willingness to pay (WTP). Weighting makes the WTP between the two samples similar, but model equivalence with respect to the significance of explanatory variables is rejected. The results support the use of certainty follow‐ups, which consistently reduced WTP, regardless of the sampling approach or weighting.

Publisher

Wiley

Subject

Economics and Econometrics,Development

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