Preference Construction and Reconstruction

Framing in Political Evaluations. An Empirical Study on the Role of Positive and Negative Comparisons in Affect and Preference Construction

Journal of Political Marketing ◽

10.1080/15377857.2020.1869786 ◽

2021 ◽

pp. 1-15

Author(s):

Magdalena Jabłońska ◽

Andrzej Falkowski

Keyword(s):

Empirical Study ◽

Preference Construction

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Incommensurable preferences in contingent valuation: the case of Natura 2000 Network in Finland

Environmental Conservation ◽

10.1017/s0376892900000291 ◽

2000 ◽

Vol 27 (3) ◽

pp. 260-268 ◽

Cited By ~ 17

Author(s):

M. REKOLA ◽

E. POUTA ◽

J. KUULUVAINEN ◽

O. TAHVONEN ◽

C.-Z. LI

Keyword(s):

Property Rights ◽

Contingent Valuation ◽

Environmental Ethics ◽

Private Property ◽

Policy Decision ◽

Natura 2000 ◽

Private Property Rights ◽

Lexicographic Preferences ◽

Preference Construction ◽

Policy Decision Making

In the literature of contingent valuation, a rights-based system of environmental ethics claiming that natural objects have absolute rights, has frequently been regarded as the main reason for incommensurability, i.e. for citizens’ inability to find a common measure according to which all values could be ranked. In a study of 2400 Finns aged between 18 and 70, we tested whether a respondent's commitment to guaranteeing private property rights could be a reason for incommensurability beyond the respondent's possible commitment to absolute nature rights. It was found that incommensurability, modelled with lexicographic preferences, was attributable more often to private property rights than to nature rights. However, Finnish respondents who had lexicographic preferences for nature rights based their choice more often on an ethical judgement, whereas lexicographic preferences for property rights could rather be explained with an ambivalent preference construction. Lexicographic preferences for nature rights increased the willingness to pay for conservation, while lexicographic preferences for property rights decreased it. The result, which was predicted by the theory, supported the validity of incommensurability measurement. The study therefore indicates that several reasons for incommensurable preferences may exist and that it is possible to measure these reasons in contingent valuation surveys in order to judge the validity of the welfare measures in environmental policy decision-making.

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The advantages of model fitting compared to model simulation in research on preference construction

Frontiers in Psychology ◽

10.3389/fpsyg.2015.00140 ◽

2015 ◽

Vol 6 ◽

Author(s):

Edgar Erdfelder ◽

Marta Castela ◽

Martha Michalkiewicz ◽

Daniel W. Heck

Keyword(s):

Model Simulation ◽

Model Fitting ◽

Preference Construction

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Testing the Role of Contextual Deliberation in the Compromise Effect

Management Science ◽

10.1287/mnsc.2021.4038 ◽

2021 ◽

Author(s):

Liang Guo

Keyword(s):

Information Retrieval ◽

Response Time ◽

Context Information ◽

Compromise Effect ◽

Economic Theories ◽

Task Order ◽

Preference Construction ◽

Endogenous Information ◽

Classical Economic

Many phenomena of preference construction demonstrate a violation of the rationality premise in classical economic theories. One of the most well-known examples of preference construction is the compromise effect. This puzzling anomaly can be rationalized by contextual deliberation (i.e., endogenous information retrieval/acquisition that can partially resolve utility uncertainty before choice). In this research, we investigate the empirical validity of this explanation by performing falsification tests for its necessary predictions and identifying it from other potential accounts. We conduct five experiments with more than 1,000 participants and show that the compromise effect can be positively mediated by response time and cannot be eliminated by context information, but it can be moderated by manipulating the level of deliberation (i.e., time constraint, preference articulation, task order). These findings are consistent with the predictions of the theory of contextual deliberation. We also show that, on average, contextual deliberation (as proxied by response time) can uniquely account for about half of the total compromise effect. This paper was accepted by Yan Chen, behavioral economics and decision analysis

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