Valuation uncertainty: Explaining the WTA-WTP gap and their lack of correlation

Single Wave Study

General Information

Title

Project Number

266

Abstract

In this questionnaire panel members were asked about their willingness to accept (WTA) a lottery and their willingness to pay (WTP) for a lottery. The goal of the study is to gain insight in whether respondents make different decisions in these situations.

Longitudinal Type

Single Wave Study

Begin date

06-09-2021

End date

28-09-2021

Topics

Social behavior (LISS)

Researcher

Jianying Qiu (Radboud University)

Publisher

Centerdata

DOI

https://doi.org/10.57990/pc53-t309

Funding Organization

ODISSEI

Datasets and documentation

View Documentation

Codebook in English

codebook_uj21a_EN_1.0.pdf

Codebook in Dutch

codeboek_uj21a_NL_1.0.pdf

Data Files

English SPSS file

uj21a_EN_1.0p.sav

English STATA file

uj21a_EN_1.0p.dta

English CSV file

uj21a_EN_1.0p.csv

Variables

Variable name	Variable Label
nomem_encr	Number of the household member encrypted
uj21a_m	Year and month of the field work period
uj21a001	In what order did the respondent receive the lotteries?
uj21a002	Did the respondent receive the simple or the complex lottery first?
uj21a003	Condition
uj21a004	Was the respondent shown the lottery in ascending or descending order?
uj21a005	Which puzzle came first?
uj21a006	Which puzzle came second?
uj21a007	Which puzzle came third?
uj21a008	Which puzzle came fourth?
uj21a009	Which puzzle came fifth?
uj21a010	Which puzzle came sixth?
uj21a011	What number of points was in first place in the simple lottery?
uj21a012	What number of points was in second place in the simple lottery?
uj21a013	What number of points was in third place in the simple lottery?
uj21a014	What number of points was in fourth place in the simple lottery?
uj21a015	What number of points was in fifth place in the simple lottery?
uj21a016	What number of points was in sixth place in the simple lottery?
uj21a017	What number of points was in seventh place in the simple lottery?
uj21a018	What number of points was in eighth place in the simple lottery?
uj21a019	What number of points was in ninth place in the simple lottery?
uj21a020	What number of points was in tenth place in the simple lottery?
uj21a021	What number of points was in eleventh place in the simple lottery?
uj21a022	What number of points was in twelfth place in the simple lottery?
uj21a023	What number of points was in thirteenth place in the simple lottery?
uj21a024	What number of points was in fourteenth place in the simple lottery?
uj21a025	What number of points was in fifteenth place in the simple lottery?
uj21a026	What number of points was in sixteenth place in the simple lottery?
uj21a027	What number of points was in seventeenth place in the simple lottery?
uj21a028	What number of points was in eighteenth place in the simple lottery?
uj21a029	What number of points was in nineteenth place in the simple lottery?
uj21a030	What number of points was in twentieth place in the simple lottery?
uj21a031	What number of points was in first place in the complex lottery?
uj21a032	What number of points was in second place in the complex lottery?
uj21a033	What number of points was in third place in the complex lottery?
uj21a034	What number of points was in fourth place in the complex lottery?
uj21a035	What number of points was in fifth place in the complex lottery?
uj21a036	What number of points was in sixth place in the complex lottery?
uj21a037	What number of points was in seventh place in the complex lottery?
uj21a038	What number of points was in eighth place in the complex lottery?
uj21a039	What number of points was in ninth place in the complex lottery?
uj21a040	What number of points was in tenth place in the complex lottery?
uj21a041	What number of points was in eleventh place in the complex lottery?
uj21a042	What number of points was in twelfth place in the complex lottery?
uj21a043	What number of points was in thirteenth place in the complex lottery?
uj21a044	What number of points was in fourteenth place in the complex lottery?
uj21a045	What number of points was in fifteenth place in the complex lottery?
uj21a046	What number of points was in sixteenth place in the complex lottery?
uj21a047	What number of points was in seventeenth place in the complex lottery?
uj21a048	What number of points was in eighteenth place in the complex lottery?
uj21a049	What number of points was in nineteenth place in the complex lottery?
uj21a050	What number of points was in twentieth place in the complex lottery?
uj21a051	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a052	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a053	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a054	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a055	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a056	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a057	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a058	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a059	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a060	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a061	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a062	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a063	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a064	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a065	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a066	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a067	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a068	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a069	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a070	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a071	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a072	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a073	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a074	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a075	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a076	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a077	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a078	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a079	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a080	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a081	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a082	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a083	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a084	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a085	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a086	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a087	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a088	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a089	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a090	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a091	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a092	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a093	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a094	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a095	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a096	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a097	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a098	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a099	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a100	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a101	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a102	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a103	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a104	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a105	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a106	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a107	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a108	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a109	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a110	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a111	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a112	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a113	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a114	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a115	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a116	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a117	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a118	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a119	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a120	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a121	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a122	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a123	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a124	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a125	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a126	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a127	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a128	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a129	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a130	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a131	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a132	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a133	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a134	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a135	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a136	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a137	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a138	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a139	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a140	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a141	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a142	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a143	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a144	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a145	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a146	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a147	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a148	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a149	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a150	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a151	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a152	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a153	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a154	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a155	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a156	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a157	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a158	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a159	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a160	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a161	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a162	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a163	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a164	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a165	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a166	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a167	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a168	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a169	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a170	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a171	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a172	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a173	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a174	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a175	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a176	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a177	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a178	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a179	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a180	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a181	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a182	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a183	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a184	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a185	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a186	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a187	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a188	Indicate below what you choose for each number of points - Option values depended on variable uj21a003 and uj21a004
uj21a189	Indicate what you choose for 0 points
uj21a190	Indicate what you choose for 100 points
uj21a191	Indicate what you choose for 200 points
uj21a192	Indicate what you choose for 250 points
uj21a193	Indicate what you choose for 300 points
uj21a194	Indicate what you choose for 325 points
uj21a195	Indicate what you choose for 350 points
uj21a196	Indicate what you choose for 375 points
uj21a197	Indicate what you choose for 400 points
uj21a198	Indicate what you choose for 425 points
uj21a199	Indicate what you choose for 450 points
uj21a200	Indicate what you choose for 475 points
uj21a201	Indicate what you choose for 500 points
uj21a202	Indicate what you choose for 525 points
uj21a203	Indicate what you choose for 550 points
uj21a204	Indicate what you choose for 600 points
uj21a205	Indicate what you choose for 700 points
uj21a206	Indicate what you choose for 800 points
uj21a207	Indicate what you choose for 900 points
uj21a208	Indicate what you choose for 1000 points
uj21a209	Indicate what you choose for 0 points
uj21a210	Indicate what you choose for 100 points
uj21a211	Indicate what you choose for 200 points
uj21a212	Indicate what you choose for 250 points
uj21a213	Indicate what you choose for 300 points
uj21a214	Indicate what you choose for 325 points
uj21a215	Indicate what you choose for 350 points
uj21a216	Indicate what you choose for 375 points
uj21a217	Indicate what you choose for 400 points
uj21a218	Indicate what you choose for 425 points
uj21a219	Indicate what you choose for 450 points
uj21a220	Indicate what you choose for 475 points
uj21a221	Indicate what you choose for 500 points
uj21a222	Indicate what you choose for 525 points
uj21a223	Indicate what you choose for 550 points
uj21a224	Indicate what you choose for 600 points
uj21a225	Indicate what you choose for 700 points
uj21a226	Indicate what you choose for 800 points
uj21a227	Indicate what you choose for 900 points
uj21a228	Indicate what you choose for 1000 points
uj21a229	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a230	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a231	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a232	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a233	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a234	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a235	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a236	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a237	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a238	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a239	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a240	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a241	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a242	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a243	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a244	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a245	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a246	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a247	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a248	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a249	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a250	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a251	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a252	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a253	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a254	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a255	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a256	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a257	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a258	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a259	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a260	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a261	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a262	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a263	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a264	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a265	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a266	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a267	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a268	Indicate below what you choose for each number of points - Option values depended on variable uj21a004
uj21a269	Which image fits best in the place of the question mark?
uj21a270	Which image fits best in the place of the question mark?
uj21a271	Which image fits best in the place of the question mark?
uj21a272	Which image fits best in the place of the question mark?
uj21a273	Which image fits best in the place of the question mark?
uj21a274	Which image fits best in the place of the question mark?
uj21a275	I prefer a job in which I can decide for myself what I do and when I do it.
uj21a276	I try to avoid situations in which someone else tells me what to do.
uj21a277	Others usually know what’s best for me.
uj21a278	I like to make my own decisions.
uj21a279	I like to control my own destiny.
uj21a280	There are many situations where I would rather have no choice than one in which I need to make a decision.
uj21a281	Was it difficult to answer the questions?
uj21a282	Were the questions sufficiently clear?
uj21a283	Did the questionnaire get you thinking about things?
uj21a284	Was it an interesting subject?
uj21a285	Did you enjoy answering the questions?
uj21a286	Starting date questionnaire
uj21a287	Starting time questionnaire
uj21a288	End date questionnaire
uj21a289	End time questionnaire
uj21a290	Duration in seconds

Response Information

Response Overview

Selected number of household members: 3,539 (100.0%)
Non-response: 1,004 (28.4%)
Response: 2,535 (71.6%)
Complete: 2,485 (70.2%)
Incomplete: 50 (1.4%)

Collection Events

Period

06-09-2021 to 28-09-2021

Sample

Only household heads and partners (16 years or older) were selected. As much panel members as possible who participated in a previous LISS study “Ambiguity Aversion and Household Portfolio Choice” by Dimmock, S., Kouwenberg, R., and Wakker, P. (2010) were selected. Also, given all these criteria, as much panel members as possible were selected who completed the core questionnaire “Economic Situation: Assets”.

Collection Mode

internet survey

Fieldwork Note

A reminder was sent twice to non-respondents.