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(How) Can we value health, safety and the environment?

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  • Loomes, Graham

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  • Loomes, Graham, 2006. "(How) Can we value health, safety and the environment?," Journal of Economic Psychology, Elsevier, vol. 27(6), pages 713-736, December.
    • Handle: RePEc:eee:joepsy:v:27:y:2006:i:6:p:713-736
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    1. Robert Sugden, 2004. "The Opportunity Criterion: Consumer Sovereignty Without the Assumption of Coherent Preferences," American Economic Review, American Economic Association, vol. 94(4), pages 1014-1033, September.
    2. Jack L. Knetsch & J. A. Sinden, 1984. "Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(3), pages 507-521.
    3. Kahneman, Daniel & Ritov, Ilana & Schkade, David A, 1999. "Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues," Journal of Risk and Uncertainty, Springer, vol. 19(1-3), pages 203-235, December.
    4. Richard H. Thaler & Shlomo Benartzi, 2004. "Save More Tomorrow (TM): Using Behavioral Economics to Increase Employee Saving," Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages 164-187, February.
    5. Hogarth, Robin M. (ed.), 1990. "Insights in Decision Making," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226348551, September.
    6. Robert Sugden, 2005. "Coping with Preference Anomalies in Cost–Benefit Analysis: A Market-Simulation Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(1), pages 129-160, September.
    7. Daniel Kahneman & Robert Sugden, 2005. "Experienced Utility as a Standard of Policy Evaluation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(1), pages 161-181, September.
    8. Dubourg & Jones‐Lee & Graham Loomes, 1997. "Imprecise Preferences and Survey Design in Contingent Valuation," Economica, London School of Economics and Political Science, vol. 64(256), pages 681-702, November.
    9. Brigitte C. Madrian & Dennis F. Shea, 2001. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1149-1187.
    10. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
    11. Jagadish Guria & Joanne Leung & Michael Jones-Lee & Graham Loomes, 2005. "The Willingness to Accept Value of Statistical Life Relative to the Willingness to Pay Value: Evidence and Policy Implications," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(1), pages 113-127, September.
    12. Loewenstein, George & O'Donoghue, Ted, 2004. "Animal Spirits: Affective and Deliberative Processes in Economic Behavior," Working Papers 04-14, Cornell University, Center for Analytic Economics.
    13. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    14. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    15. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
    16. Jones-Lee, Michael W & Loomes, Graham & Philips, P R, 1995. "Valuing the Prevention of Non-fatal Road Injuries: Contingent Valuation vs. Standard Gambles," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 676-695, October.
    17. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
    18. Beattie, Jane & Covey, Judith & Dolan, Paul & Hopkins, Lorraine & Jones-Lee, Michael & Loomes, Graham & Pidgeon, Nick & Robinson, Angela & Spencer, Anne, 1998. "On the Contingent Valuation of Safety and the Safety of Contingent Valuation: Part 1--Caveat Investigator," Journal of Risk and Uncertainty, Springer, vol. 17(1), pages 5-25, October.
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    Cited by:

    1. Colombo, Sergio & Hanley, Nicholas & Tinch, Dugald, 2010. "Differences between Decision and Experienced Utility: An Investigation using the Choice Experiment method," Stirling Economics Discussion Papers 2010-13, University of Stirling, Division of Economics.
    2. Robinson, Angela & Covey, Judith & Spencer, Anne & Loomes, Graham, 2010. "Are some deaths worse than others? The effect of 'labelling' on people's perceptions," Journal of Economic Psychology, Elsevier, vol. 31(3), pages 444-455, June.
    3. Vlaev, Ivo, 2012. "How different are real and hypothetical decisions? Overestimation, contrast and assimilation in social interaction," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 963-972.
    4. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    5. Butler, David & Loomes, Graham, 2011. "Imprecision as an account of violations of independence and betweenness," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 511-522.
    6. Peter Taylor‐Gooby & Jens O. Zinn, 2006. "Current Directions in Risk Research: New Developments in Psychology and Sociology," Risk Analysis, John Wiley & Sons, vol. 26(2), pages 397-411, April.
    7. Graham Loomes & Judith Mehta, 2007. "The sensitivity of subjective probability to time and elicitation method," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 201-216, June.
    8. Samuel Shillcutt & Damian Walker & Catherine Goodman & Anne Mills, 2009. "Cost Effectiveness in Low- and Middle-Income Countries," PharmacoEconomics, Springer, vol. 27(11), pages 903-917, November.
    9. Elvik, Rune, 2013. "Paradoxes of rationality in road safety policy," Research in Transportation Economics, Elsevier, vol. 43(1), pages 62-70.
    10. Tobias Börger & Anna Maccagnan & Mathew P. White & Lewis R. Elliott & Tim Taylor, 2023. "Was the trip worth it? Consistency between decision and experienced utility assessments of recreational nature visits," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(2), pages 525-545, March.
    11. Raul Brey & Jose Luis Pinto-Prades, 2017. "Age effects in mortality risk valuation," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 18(7), pages 921-932, September.
    12. Robinson, Angela & Covey, Judith & Spencer, Anne & Loomes, Graham, 2010. "Are some deaths worse than others? The effect of 'labelling' on people's perceptions," Journal of Economic Psychology, Elsevier, vol. 31(3), pages 444-455, June.
    13. Soane, Emma & Schubert, Iljana & Pollard, Simon & Rocks, Sophie & Black, Edgar, 2016. "Confluence and contours: reflexive management of environmental risk," LSE Research Online Documents on Economics 63823, London School of Economics and Political Science, LSE Library.
    14. Shepherd, Dean A. & Kuskova, Valya & Patzelt, Holger, 2009. "Measuring the values that underlie sustainable development: The development of a valid scale," Journal of Economic Psychology, Elsevier, vol. 30(2), pages 246-256, April.
    15. Emma Soane & Iljana Schubert & Simon Pollard & Sophie Rocks & Edgar Black, 2016. "Confluence and Contours: Reflexive Management of Environmental Risk," Risk Analysis, John Wiley & Sons, vol. 36(6), pages 1090-1107, June.
    16. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.

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