Incorporating uncertainty in environmental valuation
The research reported in this thesis aimed to investigate the influence of uncertainty on individuals' decisions to support a policy intervention in stated preference (SP) studies. Three types of uncertainty were accounted for: (1) scenario uncertainty, (2) policy uncertainty and (3) preference uncertainty. Three analytical models were constructed. The first accounts for both scenario and policy uncertainty in a contingent valuation (CV) study. The second allows testing whether prior beliefs...[Show more]
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