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Including Risk in Stated-Preference Economic Valuations: Experiments on choices for marine recreation

Bennett, Jeffrey; Weilgus, Jeffrey; Gerber, Leah; Sala, Enric


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]

CollectionsANU Research Publications
Date published: 2009
Type: Journal article
Source: Journal of Environmental Management
DOI: 10.1016/j.jenvman.2009.05.010


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