Predictive validity of stated preference data: evidence from mountain bike park visits before and after trail system expansion

Abstract

This article investigates the validity of stated preference data for use in recreation demand estimation. We use stated preference and revealed preference data from users of a mountain bike park collected before and after an expansion of the trail system. The ex-ante stated preference data elicited before the change exhibits hypothetical bias, but it would provide useful information for demand prediction.

Keywords:

• hypothetical bias
• recreation demand
• revealed preference
• stated preference

JEL Classification:

• Q26

Additional information

Funding

Funding for this study was provided by the Walker College of Business Dean’s Club Research Grant.