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Questions and Answers
Which type of analysis combines observations of elicited preferences and hypothetical choices with assumptions about the underlying processes of preference formation to yield predictions?
Which type of analysis combines observations of elicited preferences and hypothetical choices with assumptions about the underlying processes of preference formation to yield predictions?
- Revealed preferences
- Hedonic price models
- Stated preferences (correct)
- Real markets
Which approach is based on observed actual housing choices in real markets and is assumed to reflect people's preferences?
Which approach is based on observed actual housing choices in real markets and is assumed to reflect people's preferences?
- Revealed preferences (correct)
- Hedonic price models
- Real markets
- Stated preferences
In hedonic price models, what is regressed on the observed housing attributes?
In hedonic price models, what is regressed on the observed housing attributes?
- The preference of the various housing attributes
- The price of the dwelling (correct)
- The underlying decision processes
- The worth of the various housing attributes
Which type of analysis combines observations of realized choices with assumptions about underlying decision processes to yield predictions?
Which type of analysis combines observations of realized choices with assumptions about underlying decision processes to yield predictions?
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Which dimension of data relates to whether it concerns choices that have actually been made in the 'real world' or stated choices and preferences in response to survey questions?
Which dimension of data relates to whether it concerns choices that have actually been made in the 'real world' or stated choices and preferences in response to survey questions?
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