Advanced Search
MyIDEAS: Login to save this book chapter or follow this series

Cognitive Processes in Stated Preference Methods

In: Handbook of Environmental Economics

Contents:

Author Info

  • Fischhoff, Baruch
Registered author(s):

    Abstract

    Cognitive psychology is best known, to many environmental economists, through the filter of acrimonious debates over the validity of contingent valuation methods (CVM). Psychologists' views on CVM reflect concerns that are deeply rooted in their profession's history and theories. Although psychologists have participated in some CVM studies, their roles have rarely allowed them to present a comprehensive design philosophy, illustrated in actual studies. This chapter sets psychologists' critiques and alternatives within a general cognitive perspective on value elicitation, including stated preferences for environmental goods. It begins with a historical review, organized around two converging streams of psychological research. One stream leads from psychophysics to attitude research. The second leads from decision theory to decision analysis and behavioral decision research. The next section reports some environmental valuation studies arising from each tradition. These studies do not directly monetize environmental goods. However, they can still directly inform policies that do not require monetization and indirectly inform policies that do, by shaping studies with that ambition. The following section considers the role of cognitive studies in helping investigators to know what issues matter to people and present them comprehensibly. The concluding section of the chapter presents a cognitive approach to stated preference methods for environmental values - one that could be developed most fully in collaboration with economists. It is built around a cognitive task analysis of the four main elements in any evaluation process: (a) specifying the valuation question, (b) understanding its terms, (c) articulating a value for that specific question (from more general basic values), and (d) expressing that value in a public form.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sciencedirect.com/science/article/B7P5M-4HN7B9Y-D/2/07ea9fe10ced75c4409169dea75ea066
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    as in new window

    This chapter was published in:

  • K. G. Mäler & J. R. Vincent (ed.), 2006. "Handbook of Environmental Economics," Handbook of Environmental Economics, Elsevier, edition 1, volume 2, number 2, June.
    This item is provided by Elsevier in its series Handbook of Environmental Economics with number 2-18.

    Handle: RePEc:eee:envchp:2-18

    Contact details of provider:
    Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Baruch Fischhoff & Scott Atran & Noam Fischhoff, 2007. "Counting casualties: A framework for respectful, useful records," Journal of Risk and Uncertainty, Springer, vol. 34(1), pages 1-19, February.
    2. David Aadland & Arthur J. Caplan, 2003. "Cheap Talk Revisited: New Evidence from CVM," Others 0301001, EconWPA.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eee:envchp:2-18. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.