Readers are referred to Rehm and Frick (2010) for an overview on the methodological problems associated with econometric elicitation methods in this context.
This matches the notion that preferences often are constructed (instead of merely obtained) in the elicitation process (Slovic 1995).
Econometric elicitation methods were not originally developed for self-administered questionnaires.
Avoidance of permitting potential gain both from understatement and from overstatement is, nevertheless, a major improvement over elicitations that carry biases of this sort.
Refined elicitations along the lines proposed here can make a major contribution toward such participation.
My purpose in this article is to show how integrating their insights can facilitate the elicitation of much more useful data describing such preferences.
Experimentalists have conducted numerous laboratory tests of alternative elicitation schemes and related behavioral hypotheses.
Careful examination of the elicitation procedure proposed here demonstrates that it creates no incentive for either understatement or overstatement.