Economic preferences or attitude expressions?: An analysis of dollar responses to public issues

Daniel Kahneman; Ilana Ritov; David Schkade

doi:10.1017/CBO9780511803475.037

Economic preferences or attitude expressions? An analysis of dollar responses to public issues

Daniel Kahneman, Ilana Ritov, David Schkade

Department of Education

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

1 Scopus citations

Abstract

Participants in contingent valuation surveys and jurors setting punitive damages in civil trials provide answers denominated in dollars. These answers are better understood as expressions of attitudes than as indications of economic preference. Well-established characteristics of attitudes and of the core process of affective valuation explain several robust features of dollar responses: high correlations with other measures of attractiveness or aversiveness, insensitivity to scope, preference reversals, and the high variability of dollar responses relative to other measures of the same attitude.

Original language	English
Title of host publication	Choices, Values, and Frames
Publisher	Cambridge University Press
Pages	642-672
Number of pages	31
ISBN (Electronic)	9780511803475
ISBN (Print)	9780521627498
DOIs	https://doi.org/10.1017/CBO9780511803475.037
State	Published - 1 Feb 2019

Bibliographical note

Publisher Copyright:
© 1999 Kluwer Academic Publishers.

Keywords

Attitudes
Contingent valuation
Preferences
Psychology and economics
Utility assessment

Access to Document

10.1017/CBO9780511803475.037

Cite this

@inbook{cf3188055d8d4318abddd824e1f1900e,

title = "Economic preferences or attitude expressions?: An analysis of dollar responses to public issues",

abstract = "Participants in contingent valuation surveys and jurors setting punitive damages in civil trials provide answers denominated in dollars. These answers are better understood as expressions of attitudes than as indications of economic preference. Well-established characteristics of attitudes and of the core process of affective valuation explain several robust features of dollar responses: high correlations with other measures of attractiveness or aversiveness, insensitivity to scope, preference reversals, and the high variability of dollar responses relative to other measures of the same attitude.",

keywords = "Attitudes, Contingent valuation, Preferences, Psychology and economics, Utility assessment",

author = "Daniel Kahneman and Ilana Ritov and David Schkade",

note = "Publisher Copyright: {\textcopyright} 1999 Kluwer Academic Publishers.",

year = "2019",

month = feb,

day = "1",

doi = "10.1017/CBO9780511803475.037",

language = "אנגלית",

isbn = "9780521627498",

pages = "642--672",

booktitle = "Choices, Values, and Frames",

publisher = "Cambridge University Press",

address = "בריטניה",

}

TY - CHAP

T1 - Economic preferences or attitude expressions?

T2 - An analysis of dollar responses to public issues

AU - Kahneman, Daniel

AU - Ritov, Ilana

AU - Schkade, David

PY - 2019/2/1

Y1 - 2019/2/1

N2 - Participants in contingent valuation surveys and jurors setting punitive damages in civil trials provide answers denominated in dollars. These answers are better understood as expressions of attitudes than as indications of economic preference. Well-established characteristics of attitudes and of the core process of affective valuation explain several robust features of dollar responses: high correlations with other measures of attractiveness or aversiveness, insensitivity to scope, preference reversals, and the high variability of dollar responses relative to other measures of the same attitude.

AB - Participants in contingent valuation surveys and jurors setting punitive damages in civil trials provide answers denominated in dollars. These answers are better understood as expressions of attitudes than as indications of economic preference. Well-established characteristics of attitudes and of the core process of affective valuation explain several robust features of dollar responses: high correlations with other measures of attractiveness or aversiveness, insensitivity to scope, preference reversals, and the high variability of dollar responses relative to other measures of the same attitude.

KW - Attitudes

KW - Contingent valuation

KW - Preferences

KW - Psychology and economics

KW - Utility assessment

UR - http://www.scopus.com/inward/record.url?scp=85098017694&partnerID=8YFLogxK

U2 - 10.1017/CBO9780511803475.037

DO - 10.1017/CBO9780511803475.037

M3 - ???researchoutput.researchoutputtypes.contributiontobookanthology.chapter???

AN - SCOPUS:85098017694

SN - 9780521627498

SP - 642

EP - 672

BT - Choices, Values, and Frames

PB - Cambridge University Press

ER -