Information, Consequentiality and Credibility in Stated Preference Surveys: A Choice Experiment on Climate Adaptation

Abstract Information provided in valuation surveys has been shown to affect stated preferences, which turn may matter for the validity and reliability of survey-based value estimates. Although information effects are widely documented preference studies, reasons underlying less established. We focus on about policy context scenario examine two pathways help explain how including such a survey affects preferences. hypothesize empirically analyze whether preferences can emerge as result changed perceptions (1) consequentiality (2) credibility upon facing additional information. Our results confirm that frequently found be present urban green climate adaptation. The role appears negligible perceptions. In contrast, strengthens perceived credibility, this partially conclude research benefit from an increased attention scenario.