Abstract：
: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 models and the consistency of choices. As the general public becomes more aware of the uncertainty of environmental outcomes under global change, omitting information on scenario risk may contribute to hypothetical bias and impair the validity of stated-preference valuations.
journal_name
J Environ Managejournal_title
Journal of environmental managementauthors
Wielgus J,Gerber LR,Sala E,Bennett Jdoi
10.1016/j.jenvman.2009.05.010subject
Has Abstractpub_date
2009-08-01 00:00:00pages
3401-9issue
11eissn
0301-4797issn
1095-8630pii
S0301-4797(09)00171-6journal_volume
90pub_type
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