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Reading Quiz 9

  1. What is the main strength of stated-preference data?

  2. What is the main weakness of stated-preference data?

  3. What is the "revealed preference paradox" discussed in Train?

  4. What are a couple of ways mentioned by Kosar et al. for how to make stated choice settings more realistic?

  5. What is the difference between a discrete choice experiment and a stated probabilistic choice experiment?