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The choice sets were created using a Bayesian efficient design using the NGene software,<br />
and the C-error optimization criterion was applied (Scarpa and Rose, 2008). The final design<br />
comprised 24 choice sets that were blocked into four subsets, each with six choice sets. The<br />
order of choice sets was randomized as was the order of the first three labelled alternatives. We<br />
ensured that each choice set and each alternative was presented on every position a comparable<br />
number of times. An example choice card set is presented in Figure 1.<br />
Electricity<br />
from wind<br />
Electricity from<br />
biomass<br />
Electricity<br />
from solar<br />
“Do not<br />
care”<br />
Minimum distance to<br />
residential areas<br />
600 m 2500 m 300 m 900 m<br />
Size of renewable energy<br />
production sites<br />
Large<br />
(35–50 turbines)<br />
Large<br />
(15–25 fermentation<br />
tanks)<br />
Small<br />
(0.5–5 hectares)<br />
Medium<br />
Number of renewable<br />
energy production sites<br />
Share of landscape not used<br />
for renewable energy<br />
expansion<br />
High-voltage transmission<br />
lines<br />
4 5 5 3<br />
20% 50% 10% 30%<br />
Underground underground overhead overhead<br />
Monthly surcharge or rebate<br />
to energy bill (annually)<br />
+30zł<br />
(+360zł)<br />
−10zł<br />
(−120zł)<br />
+30<br />
(+360zł)<br />
0 zł<br />
Choice <br />
Fig. 1. Example of a choice set<br />
3.3. Financial lotteries<br />
Respondents were presented with three series of lottery pairs and asked to choose one lottery<br />
for each pair. Moving down the list of lotteries, payoffs in Option B increase, but everything<br />
else is fixed. The lotteries are designed so that any combination of choices in the three series<br />
determines an individual’s risk preferences and loss aversion (see Table 3).<br />
7