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Alaska EPSCoR/IFREE Workshop - Choice Experiments and Choice Processes

May 21-22, 2014

Published August 08, 2014

Economic analysis typically focuses on observable behavior and ignores the underlying process through which choices are made. However, the recognition that choice processes and not just outcome can be important for understanding economic behavior has made significant inroads in both theoretical and applied research.

This workshop brings together researchers working in the choice experiment and valuation literature (including especially recreational demand and environmental valuation), and those conducting basic research on neuroeconomics of choice.

Recently, technological advances using eye-tracking have allowed for more direct measurement of choice processes. Eye-tracking is low cost relative to other neuroeconomic techniques, and it delivers promising results in other experimental economic applications.

An important goal of the workshop is to determine the significance of these innovations for generating high quality research results for the Southcentral Kenai test case.

Library 307
University of Alaska Anchorage
3211 Providence Drive
Anchorage, AK

May 21st

Session 1: 9:00-12:30

Alevy - Introduction to workshop and to Southcentral Alaska project
Craig Landry – Experiments and Choice Experiments
Brian Van der Naald – Recreational demand in Southeast Alaska
Wiktor Adamowicz – Cognitive complexity, habit and choice
Panel: Fraser, Krajbich

Session 2: Attention and choice 1:30-5:15

Elisabet Rutstrom – Virtual Reality and Valuation
Iain Fraser – Attribute Inattention in Choice Experiments
Mark Dean – Rational Inattention
Panel: Landry, Johnson, Swarthout

May 22nd

Session 1: Eye-tracking and decision making 9:00 -12:30

Todd Swarthout – Risk
Ian Krajbich – Drift Diffusion Models
Joseph Johnson – Response Dynamics
Panel: Dean, Rutstrom, Adamowicz

Session 2: Eye-tracking technology 2:00-2:45

Johnson, Swarthout, Krajbich

Concluding Comments: 3:00-3:30

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