Including Risk in Stated-Preference Economic Valuations: Experiments on choices for marine recreation
Stated-preference surveys for the economic valuation of environmental resources typically assume no uncertainty in the hypothetical valuation scenarios. However, the outcomes of environmental policies are uncertain. We explored the effects of including information on probabilities of attribute improvement and provision in choice experiments. Our results suggest that stating explicitly a high probability for the occurrence of the valuation scenario can improve the goodness of fit of choice...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Environmental Management|
|01_Bennett_Including_Risk_in_2009.pdf||195.54 kB||Adobe PDF||Request a copy|
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