1997 NSF Symposium on Eliciting Preferences

 

With best wishes and warmest regards
to Daniel McFadden, friend and mentor,
on his 60th birthday.

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The Econometrics Laboratory is pleased that this year its fifth annual summer symposium, sponsored by the National Science Foundation, will focus on the general topic of the problem of eliciting directly information about people's preferences. Participants will include economists and psychologists who share an interest in this topic, but who do not necessarily use the same methods.

Within the general topic of eliciting preferences, presentations will examine the problems of direct elicitation and the related problem of how consumers process uncertainty. Participants will be drawn from researchers who conduct marketing experiments, researchers in experimental economics, and researchers who have worked on issues such as framing, cueing, and implicit assumptions made by survey respondents.

The symposium will take place from Tuesday, July 29 through Saturday, August 2, with presentations starting Tuesday afternoon. Happily, the symposium begins on the 60th birthday of Daniel McFadden. So an additional theme of the symposium will be celebrating this special event. Although the schedule of presentations is not settled, we will probably begin on Tuesday afternoon with some remarks from friends and former students and a keynote address from Dan.

The symposium is being organized by Paul Ruud, Professor of Economics at the University of California, Berkeley, with the kind assistance of Daniel Kahnemann, Professor of Psychology at Princeton University, and others. Questions can be directed to Grace Katagiri, the Econometrics Laboratory Manager.

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Agenda

Date Speaker, Title, Time, and Location
 
Tuesday
July 29
1997
 
Symposium Registration
639 Evans Hall
10:00 a.m. - 12:00 noon & 1:00 p.m. - 3:00 p.m.

Invited symposium participants should check upon arrival to receive their nametags and to sign their travel expense vouchers (if we are reimbursing any of your expenses).


All sessions will be held in the Andersen Auditorium of the Haas School of Business unless otherwise noted.

2:00 p.m. - Welcoming remarks by Paul Ruud, symposium organizer, and
Opening remarks by Hal Varian

2:45-3:45 p.m. - Keynote address, "Rationality for Economists"
Abstract [ascii]
A paper will be available at the opening session.
Daniel McFadden
Department of Economics
University of California,Berkeley

4:00-6:00 p.m.   -   Reception, Women's Faculty Club
 

 

Wednesday
July 30
1997

 
All sessions will be held in the Andersen Auditorium of the Haas School of Business, unless otherwise noted.

9:00-10:00 a.m. - "An Overview of Revealed Preference"
Abstract [ascii]
[Postscript version]
[PDF version]
Hal R. Varian
School of Information Management and Systems
University of California, Berkeley

10:30-11:30 a.m. - "Measuring Constructed Preferences"
Abstract [ascii]
Presentation slides [Postscript] or [PDF].
Work in progress; no paper will be available.
John W. Payne (with James Bettman and David Schkade)
Center for Decision Studies, School of Business
Duke University

11:45-12:45 p.m. - "Economic Survey Response Behavior: Experiments Using a Virtual Laboratory"
Abstract [ascii]
Harish Chand
Department of Economics
University of California, Berkeley
Please note: this presentation will be held in Room 608-7 Evans Hall. The room can only accommodate 40-50 people. Light refreshments will be served. The session will be a demonstration of virtual labortatory experiments on the world wide web, including contingent valuation, anchoring, and conjoint analysis.
      Discussant: Daniel McFadden

1:00-2:00 p.m. - "Using Dollars as a Response Scale: Magnitude Estimation without a Standard"
Abstract [ascii]
Work in progress; no paper will be available.
Presentation slides are available in postscript or PDF format.
Daniel Kahneman, Department of Psychology
Princeton University

2:30-3:30 p.m. - "Using Elicited Choice Expectations to Predict Choice Behavior in Specified Scenarios"
Abstract [ascii]
[Postscript version]
[PDF version]
Charles F. Manski, Department of Economics
University of Wisconsin

4:00-5:00 p.m. - "Construal Processes in Preference Assessment"
Abstract [ascii]
Work in progress; a paper may (or may not) be available.
Baruch Fischhoff (with Shane Frederick and Ned Welch)
Department of Social and Decision Sciences
Carnegie-Mellon University
 

 
Thursday
July 31
1997
 
All sessions will be held in the Andersen Auditorium of the Haas School of Business, unless otherwise noted.

9:00-9:45 a.m. - "Stated Preference Questions: Context and Optimal Response"
Abstract [ascii]
[Postscript version]
[PDF version]
Theodore Groves (with Richard Carson and Mark Machina)
Department of Economics
University of California, San Diego
      Discussant: Nicholas Flores

10:00-11:00 a.m. - "Wouldn't It Be Nice? Predicting Future Feelings"
[Postscript version, paper]
[PDF version, paper]
[Abstract (ascii)]
George F. Loewenstein (with David Schkade)
Department of Social and Decision Sciences
Carnegie-Mellon University

11:15-12:00 n. - "Preference Elicitation Responses"
Abstract [ascii]
Work in progress; no paper will be available.
Richard Carson (with Theodore Groves and Mark Machina)
Department of Economics
University of California, San Diego
      Discussant: Nicholas Flores

1:30-2:30 p.m. - "Question Format and Anchoring Effects on the Elicitation of House Value and Checking Account Value"
Abstract [ascii]
Work in progress; no paper will be available.
Michael J. Hurd
Department of Economics
SUNY Stonybrook and The RAND Corporation

3:00-4:00 p.m. - "The Effects of Financial Incentives in Economics Experiments"
Abstract [ascii
A paper will hopefully be available.
Colin Camerer (with Robin Hogarth)
Division of Humanities and Social Science
California Institute of Technology

4:15-5:00 p.m. - "Econometric Estimation of Rank Ordering Data from Stated Preference Surveys"
Abstract [ascii]
[Postscript version]
[PDF version]
Clifford Winston (with John Calfee)
Brookings Institution
      Discussant: David Brownstone

 
Friday
August 1
1997
 
All sessions will be held in the Andersen Auditorium of the Haas School of Business, unless otherwise noted.

9:00-10:00 a.m. - "Mixed Logit: An Overview with Applications"
[Abstract (ascii)]
Kenneth E. Train
Department of Economics
University of California, Berkeley

10:15-10:45 p.m. - "Joint Mixed Logit Models of Stated and Revealed Preferences for Alternative-Fuel Vehicles"
Abstract [ascii]
[Postscript version]
[PDF version]
David Brownstone
Department of Economics
University of California, Irvine

11:00-12:00 n. - "Methods to Estimate Discrete Choice Models with Stated and Revealed Preferences"
Abstract [ascii]
Electronic versions of paper not available; hard copy will be distributed at the scheduled session.
Moshe Ben-Akiva (with Taka Morikawa)
Department of Civil Engineering
Massachusetts Institute of Technology

1:00 - 2:00 p.m. - "Credibility of Information Sources and the Formation of Individuals' Option Prices for Climate Change Mitigation"
[Postscript version]
[PDF version]
Trudy Cameron
Department of Economics
University of California, Los Angeles
Note: Results obtained in the last month have made the posted paper (above) obsolete--specifications have changed substantially. Professor Cameron will have a handout at the presentation and will post an updated version of the paper on this web site shortly after the symposium.

2:15 - 3:15 p.m. - "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study" (with Thomas Juster and Robert Barsky)
[Abstract (ascii)]
[Postscript version, paper, tables, and figure (gif)]
[PDF version, paper, tables, and figure (gif)]
and
"Estimating a Cardinal Attribute from Ordered Categorical Responses Subject to Noise"
Abstract [ascii)]
[Postscript version, paper, tables, and figure]
[PDF version, paper, tables, and figure]
Miles Kimball and Matthew Shapiro
Department of Economics
University of Wisconsin
      Discussant: Annamaria Lusardi

3:30 - 4:30 p.m. - "The Role of Conditioning Information in Reports of Subjective Phenomena"
Abstract [ascii]
[Postscript version]
[PDF version]
Jeff Dominitz
Division of the Humanities and Social Science
California Institute of Technology
      Discussant: Martha Starr-McCluer

"Evaluating the Welfare State"
[Postscript version, paper, appendices, references]
[PDF version, paper, appendices, references]
James H. Heckman
Department of Economics
University of Chicago
Due to unforeseen circumstances, Jim Heckman regrets that he cannot make this presentation. He is distressed to miss the symposium, and the opportunity to convey his best wishes to Dan McFadden, whom he regards with deep respect and affection.
 

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NSF Symposium Participants List
[Letter of invitation, in postscript or pdf format.]

Maya Bar-Hillel
Psychology
Hebrew University, Jerusalem
Moshe Ben-Akiva
Civil Engineering
Massachusetts Institute of Technology
Richard Bishop
Economics
University of Wisconsin, Madison
David Brownstone
Economics
University of California, Irvine
John Calfee
Economics
American Enterprise Institute
Colin Camerer
Economics
California Institute of Technology
Trudy Cameron
Economics
University of California, Los Angeles
Richard Carson
Economics
University of California, San Diego
Harish Chand
Economics
University of California, Berkeley
Kenneth Chay
Economics
University of California, Berkeley
Jeff Dominitz
Economics
California Institute of Technology
Tulin Erdem
Business/Marketing
University of California, Berkeley
Baruch Fischhoff
Social & Decision Sciences
Carnegie Mellon University
Nick Flores
Economics
University of Colorado
Shane Frederick
Social and Decision Sciences
Carnegie Mellon University
Bronwyn Hall
Economics
University of California, Berkeley
James Heckman
Economics
University of Chicago
Michael Hurd
Economics
SUNY and RAND Corporation
Theodore Groves
Economics
University of California, San Diego
Daniel Kahnemann
Psychology
Princeton University
Miles Kimball
Economics
University of Michigan
Varda Liberman
Mathematical & Statistical Studies
The Interdisciplinary Center
Tel-Aviv, Israel
George Loewenstein
Social & Decision Sciences
Carnegie Mellon University
Annamaria Lusardi
Economics
Dartmouth College
Charles Manski
Economics
University of Wisconsin, Madison
Daniel McFadden
Economics
University of California, Berkeley
David Chapman
Carol Jones
Norman Meade

NOAA
Taka Morikawa
Civil Engineering
Nagoya, Japan
Daniel Newlon
Economics
National Science Foundation
Nathan Novemsky
Psychology
Princeton University
John Payne
Center for Decision Studies
Duke University
Charlie Plott
Division of Humanities and Social Science
California Institute of Technology
James Powell
Economics
University of California, Berkeley
Matt Rabin
Economics
University of California, Berkeley
Scott Ramming
Civil Engineering
Massachusetts Institute of Technology
Ilana Ritov
Management & Psychology
Ben Gurion University, Be'er Sheva, Israel
Thomas Russell
Economics
Santa Clara University
Paul Ruud
Economics
University of California, Berkeley
Eldar Shafir
Psychology
Princeton University
David Schkade
Management
University of Texas, Austin
Matthew Shapiro
Economics
University of Michigan
Martha Starr-McCluer
Economics
Federal Reserve Board
John Straub
Economics
University of Wisconsin
Kenneth Train
Economics
University of California, Berkeley
Hal Varian
SIMS/Economics/Business
University of California, Berkeley
Joan Walker
Civil Engineering
Massachusetts Institute of Technology
Clifford Winston
Economics
Brookings Institution
MichaelHanneman
Agricultural & Resource Economics
University of California, Berkeley

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Grace Katagiri

katagiri@econ.berkeley.edu

Last modified: 11 August 1997