Stefani, Gianluca; Scarpa, Riccardo; Lombardi, Ginevra … - Associazione Italiana di Economia Agraria e Applicata - … - 2014
A recent study published by Murphy et al. (2005) reported results of a meta-analysis of hypothetical bias using 28 valuation studies. The authors found a median ratio of hypothetical to actual values of 1.35 but they did not investigate the ratio of scales of the hypothetical and actual value...