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Overview of Stated Preference Methods - NOAA

Overview of Stated Preference Methods Daniel K. Lew Alaska Fisheries Science Center Recreational Fisheries Data and Model Needs Workshop 7/26/2011 Outline Introduction to Stated Preference (SP) Methods what and why Common elements of SP surveys and data collection considerations Contingent valuation Choice experiments and contingent ranking Contingent behavior SP criticisms Advances in SP Challenges/obstacles and getting around them 2 Stated Preference Methods Methods that involve asking individuals questions that can be used to infer economic values either using direct or indirect expressions of economic value Constructed market transactions Measure willingness to pay (WTP)

Jul 26, 2011 · • Conditional logit • Nested logit • Mixed, or random parameters, logit • Latent class logit • HEV • Models based on normal errors • Multinomial probit • Panel models are used with repeated choices • Rank-ordered models are used when ranking data are available 19

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