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Inconsistent and Lexicographic Choices in Stated Preference Analysis

Author

Listed:
  • Jan Rouwendal

    (Department of Economics, Vrije Universiteit Amsterdam)

  • Arianne T. de Blaeij

    (Department of Economics, Vrije Universiteit Amsterdam)

Abstract

In stated choice (SC) data inconsistent and lexicographic choice behavior is often observed. It is sometimes recommended to remove data with these characteristics from the analysis. In this paper we reconsider this recommendation. In our data many respondents have inconsistent choice patterns, which appear to be due to incidental mistakes. Moreover, a large number of the consistent respondents have lexicographic choice patterns. We show that the logit model, which is the most popular tool for analyzing SP data, is compatible with inconsistent and seemingly lexicographic choice behavior and that it offers precise predictions about the occurrence of such choices. In the data at our disposal the actual number of respondents who made different choices in two identical choice situations is substantially lower than that predicted by the model, whereas the number of respondents with lexicographic answers is much larger than predicted. The logit model is then ada! pted in various ways to bring it in better agreement with the facts. In particular, we introduce an effect of remembering the earlier choice when the same situation recurs, the presence of latent classes of lexicographic respondents and the presence of heterogeneity among respondents.

Suggested Citation

  • Jan Rouwendal & Arianne T. de Blaeij, 2004. "Inconsistent and Lexicographic Choices in Stated Preference Analysis," Tinbergen Institute Discussion Papers 04-038/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20040038
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    Cited by:

    1. Evert Jan van de Kaa, 2010. "Applicability of an Extended Prospect Theory to Travel Behaviour Research: A Meta‐Analysis," Transport Reviews, Taylor & Francis Journals, vol. 30(6), pages 771-804, April.
    2. Potoglou, Dimitris & Robinson, Neil & Kim, Chong W. & Burge, Peter & Warnes, Richard, 2010. "Quantifying individuals' trade-offs between privacy, liberty and security: The case of rail travel in UK," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(3), pages 169-181, March.

    More about this item

    Keywords

    stated preference analysis; choice experiments; inconsistent choices; lexicographic choices; value of time; value of a statistical life;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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