… This paper describes a new stated preference approach for directly eliciting personal utility
… are constructing their utility functions on the spot, engaging in a mental production process to …

… One common tool for incentive-compatible demand elicitation, the Becker-DeGroot-Marschak
(BDM) mechanism, has been widely used in laboratory settings but rarely evaluated for …

… in terms of the shape of the utility function—the standard approach according to expected
utility theory (EUT; ref. )—neglects the variety of decision processes underlying risky choice. It …

… The only variation across treatments is the explanation of the elicitation mechanism (“the
voting process” in the instructions). After all decisions are collected, DB, PC, and OE …

… the simulation we know the underlying data generating process, while in the experiment the
… an expected utility maximiser who can make an error in comparing the expected utility of the …

… We can then write the expected utility of the voter as:(2) EU s … steps the city should take
to protect against the impacts of … they were induced to search for flood insurance through a …

… in choices is affected by the elicitation procedure and the familiarity with the outcome domain…
First, guided choice-based valuation, such as choice list elicitation, may be a promising tool …

… of two widely used complex elicitation mechanisms (the … of the elicitation procedure (whether
the procedure prevents “… and pasted quickly into a Google search. While this does not …

… In this section, I will describe all the steps of that elicitation, highlighting how the protocol is
… I could find the date of the next lunar eclipse by a simple internet search, but this information …

… some utility function, and that the elicitation mechanism in … the process of eliciting beliefs
seems not to be too intrusive.” … that (1) the search for reliable elicitation methods is far from …