Do risk communication methods perform to generate rationality?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Lars Hultkrantz & Gunnar Lindberg & Camilla Andersson, 2006.
"The value of improved road safety,"
Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 151-170, March.
- Hultkrantz, Lars & Lindberg, Gunnar & Andersson, Camilla, 2005. "The value of improved road safety," Working Papers 2005:4, Örebro University, School of Business.
- Sujoy Chakravarty & Jaideep Roy, 2009. "Recursive expected utility and the separation of attitudes towards risk and ambiguity: an experimental study," Theory and Decision, Springer, vol. 66(3), pages 199-228, March.
- Carmela Di Mauro & Anna Maffioletti, 2004. "Attitudes to risk and attitudes to uncertainty: experimental evidence," Applied Economics, Taylor & Francis Journals, vol. 36(4), pages 357-372.
- repec:cup:judgdm:v:6:y:2011:i:3:p:263-274 is not listed on IDEAS
- Yaari, Menahem E, 1987. "The Dual Theory of Choice under Risk," Econometrica, Econometric Society, vol. 55(1), pages 95-115, January.
- Buzby, Jean C. & Ready, Richard C. & Skees, Jerry R., 1995.
"Contingent Valuation In Food Policy Analysis: A Case Study Of A Pesticide-Residue Risk Reduction,"
Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-13, December.
- Buzby, Jean C. & Ready, Richard C. & Skees, Jerry R., 1995. "Contingent Valuation in Food Policy Analysis: A Case Study of a Pesticide-Residue Risk Reduction," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(2), pages 613-625, December.
- Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
- Corso, Phaedra S & Hammitt, James K & Graham, John D, 2001. "Valuing Mortality-Risk Reduction: Using Visual Aids to Improve the Validity of Contingent Valuation," Journal of Risk and Uncertainty, Springer, vol. 23(2), pages 165-184, September.
- Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
- Hammitt, James K & Graham, John D, 1999. "Willingness to Pay for Health Protection: Inadequate Sensitivity to Probability?," Journal of Risk and Uncertainty, Springer, vol. 18(1), pages 33-62, April.
- Brun, Wibecke & Teigen, Karl Halvor, 1988. "Verbal probabilities: Ambiguous, context-dependent, or both?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 41(3), pages 390-404, June.
- Cohen, Michele & Jaffray, Jean-Yves & Said, Tanios, 1987. "Experimental comparison of individual behavior under risk and under uncertainty for gains and for losses," Organizational Behavior and Human Decision Processes, Elsevier, vol. 39(1), pages 1-22, February.
- Horowitz, John K. & McConnell, Kenneth E., 2002. "A Review of WTA/WTP Studies," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 426-447, November.
- Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
- Henrik Andersson & Mikael Svensson, 2008.
"Cognitive ability and scale bias in the contingent valuation method,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(4), pages 481-495, April.
- Andersson, Henrik & Svensson, Mikael, 2006. "Cognitive Ability and Scale Bias in the Contingent Valuation Method," Working Papers 2006:2, Swedish National Road & Transport Research Institute (VTI).
- Andersson, Henrik & Svensson, Mikael, 2007. "Cognitive Ability and Scale Bias in the Contingent Valuation Method," Working Papers 2007:1, Swedish National Road & Transport Research Institute (VTI).
- Charles R. Plott & Kathryn Zeiler, 2005. "The Willingness to Pay–Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations," American Economic Review, American Economic Association, vol. 95(3), pages 530-545, June.
- Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
- Emilie Roth & M. Granger Morgan & Baruch Fischhoff & Lester Lave & Ann Bostrom, 1990. "What Do We Know About Making Risk Comparisons?," Risk Analysis, John Wiley & Sons, vol. 10(3), pages 375-387, September.
- Smith, V Kerry & Desvousges, William H, 1987. "An Empirical Analysis of the Economic Value of Risk Changes," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 89-114, February.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Smith, V Kerry & Desvousges, William H & Payne, John W, 1995. "Do Risk Information Programs Promote Mitigating Behavior?," Journal of Risk and Uncertainty, Springer, vol. 10(3), pages 203-221, May.
- Neil D. Weinstein & Kathryn Kolb & Bernard D. Goldstein, 1996. "Using Time Intervals Between Expected Events to Communicate Risk Magnitudes," Risk Analysis, John Wiley & Sons, vol. 16(3), pages 305-308, June.
- Baron, Jonathan, 1997. "Confusion of Relative and Absolute Risk in Valuation," Journal of Risk and Uncertainty, Springer, vol. 14(3), pages 301-309, May-June.
- Michael Siegrist, 1997. "Communicating Low Risk Magnitudes: Incidence Rates Expressed as Frequency Versus Rates Expressed as Probability," Risk Analysis, John Wiley & Sons, vol. 17(4), pages 507-510, August.
- Isabell Goldberg & Jutta Roosen, 2007. "Scope insensitivity in health risk reduction studies: A comparison of choice experiments and the contingent valuation method for valuing safer food," Journal of Risk and Uncertainty, Springer, vol. 34(2), pages 123-144, April.
- Lanoie, Paul & Pedro, Carmen & Latour, Robert, 1995. "The Value of a Statistical Life: A Comparison of Two Approaches," Journal of Risk and Uncertainty, Springer, vol. 10(3), pages 235-257, May.
- Jones-Lee, Michael W, 1974. "The Value of Changes in the Probability of Death or Injury," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 835-849, July/Aug..
- 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.
- Gerking, Shelby & de Haan, Menno & Schulze, William, 1988. "The Marginal Value of Job Safety: A Contingent Valuation Study," Journal of Risk and Uncertainty, Springer, vol. 1(2), pages 185-199, June.
- Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
- James Hammitt & Kevin Haninger, 2010. "Valuing fatal risks to children and adults: Effects of disease, latency, and risk aversion," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 57-83, February.
- Henrik Lindhjem & Ståle Navrud, 2009. "Asking for Individual or Household Willingness to Pay for Environmental Goods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(1), pages 11-29, May.
- Young Sook Eom, 1994. "Pesticide Residue Risk and Food Safety Valuation: A Random Utility Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 760-771.
- Stone, Eric R. & Yates, J. Frank & Parker, Andrew M., 1994. "Risk Communication: Absolute versus Relative Expressions of Low-Probability Risks," Organizational Behavior and Human Decision Processes, Elsevier, vol. 60(3), pages 387-408, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Henrik Andersson & Nicolas Treich, 2011.
"The Value of a Statistical Life,"
Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 17,
Edward Elgar Publishing.
- Andersson, Henrik & Treich, Nicolas, 2008. "The Value of a Statistical Life," Working Papers 2008:1, Swedish National Road & Transport Research Institute (VTI).
- Henrik Andersson, 2020. "The value of a statistical life," Post-Print hal-03610216, HAL.
- Andersson, Henrik & Treich, Nicolas, 2009. "The Value of a Statistical Life," TSE Working Papers 09-015, Toulouse School of Economics (TSE).
- ANDERSSON Henrik & TREICH Nicolas, 2009. "The Value of a Statistical Life," LERNA Working Papers 09.04.280, LERNA, University of Toulouse.
- Kevin Haninger & James K. Hammitt, 2011.
"Diminishing Willingness to Pay per Quality‐Adjusted Life Year: Valuing Acute Foodborne Illness,"
Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1363-1380, September.
- Hammitt, James & Haninger, Kevin, 2010. "Diminishing Willingness to Pay per Quality-Adjusted Life Year: Valuing Acute Foodborne Illness," LERNA Working Papers 11.01.335, LERNA, University of Toulouse.
- Hammitt, James K. & Haninger, Kevin, 2010. "Diminishing Willingness to Pay per Quality-Adjusted Life Year: Valuing Acute Foodborne Illness," TSE Working Papers 10-268, Toulouse School of Economics (TSE).
- Henrik Andersson & James Hammitt & Gunnar Lindberg & Kristian Sundström, 2013.
"Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(3), pages 437-456, November.
- Andersson, Henrik & Hammitt, James K. & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," TSE Working Papers 11-271, Toulouse School of Economics (TSE).
- Andersson, Henrik & Hammitt, James & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," LERNA Working Papers 11.20.354, LERNA, University of Toulouse.
- Hammitt, James K. & Herrera-Araujo, Daniel, 2018.
"Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys,"
Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 165-189.
- Hammitt, James K. & Herrera-Araujo, Daniel, 2017. "Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys," TSE Working Papers 17-766, Toulouse School of Economics (TSE).
- James Hammitt & Daniel Herrera-Araujo, 2018. "Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys," PSE-Ecole d'économie de Paris (Postprint) hal-01784324, HAL.
- James Hammitt & Daniel Herrera-Araujo, 2018. "Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys," Post-Print hal-01784324, HAL.
- Henrik Andersson & Mikael Svensson, 2008.
"Cognitive ability and scale bias in the contingent valuation method,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(4), pages 481-495, April.
- Andersson, Henrik & Svensson, Mikael, 2006. "Cognitive Ability and Scale Bias in the Contingent Valuation Method," Working Papers 2006:2, Swedish National Road & Transport Research Institute (VTI).
- Andersson, Henrik & Svensson, Mikael, 2007. "Cognitive Ability and Scale Bias in the Contingent Valuation Method," Working Papers 2007:1, Swedish National Road & Transport Research Institute (VTI).
- Henrik Lindhjem & Ståle Navrud & Nils Axel Braathen & Vincent Biausque, 2011. "Valuing Mortality Risk Reductions from Environmental, Transport, and Health Policies: A Global Meta‐Analysis of Stated Preference Studies," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1381-1407, September.
- Sund, Björn, 2009. "Sensitivity to scope in contingent valuation – introducing a flexible community analogy to communicate mortality risk reductions," Working Papers 2009:2, Örebro University, School of Business.
- Andersson, Henrik & Hole, Arne Risa & Svensson, Mikael, 2016.
"Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety,"
Journal of Environmental Economics and Management, Elsevier, vol. 75(C), pages 41-53.
- Andersson, Henrik & Hole, Arne Risa & Svensson, Mikael, 2013. "Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety," TSE Working Papers 13-465, Toulouse School of Economics (TSE).
- Henrik Andersson & Arne Risa Hole & Mikael Svensson, 2014. "Valuation of Small and Multiple Health Risks: A Critical Analysis of SP Data Applied to Food and Water Safety," Working Papers 2014005, The University of Sheffield, Department of Economics.
- Andersson, Henrik & Risa Hole, Arne & Svensson, Mikael, 2014. "Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety," Karlstad University Working Papers in Economics 11, Karlstad University, Department of Economics.
- Henrik Andersson & James K. Hammitt & Kristian Sundström, 2015.
"Willingness to Pay and QALYs: What Can We Learn about Valuing Foodborne Risk?,"
Journal of Agricultural Economics, Wiley Blackwell, vol. 66(3), pages 727-752, September.
- Andersson, Henrik & Hammitt, James K. & Sundström, Kristian, 2011. "Willingness to pay and QALYs: What can we learn about valuing foodborne risk?," TSE Working Papers 11-272, Toulouse School of Economics (TSE).
- Andersson, Henrik & Hammitt, James & Sundström, Kristian, 2011. "Willingness to pay and QALYs: What can we learn about valuing foodborne risk?," LERNA Working Papers 11.21.355, LERNA, University of Toulouse.
- Kjær, Trine & Nielsen, Jytte Seested, 2016. "An investigation into procedure (in)variance in the valuation of mortality risk reductions," DaCHE discussion papers 2016:4, University of Southern Denmark, Dache - Danish Centre for Health Economics.
- Sara Olofsson & Ulf G. Gerdtham & Lars Hultkrantz & Ulf Persson, 2019.
"Dread and Risk Elimination Premium for the Value of a Statistical Life,"
Risk Analysis, John Wiley & Sons, vol. 39(11), pages 2391-2407, November.
- Olofsson , Sara & Gerdtham, Ulf-G. & Hultkrantz, Lars & Persson, Ulf, 2016. "Dread and Risk Elimination Premium for the Value of a Statistical Life," Working Papers 2016:22, Lund University, Department of Economics.
- Thijs Dekker & Roy Brouwer & Marjan Hofkes & Klaus Moeltner, 2011. "The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(4), pages 597-624, August.
- Lisa A. Robinson & James K. Hammitt, 2011. "Behavioral Economics and Regulatory Analysis," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1408-1422, September.
- Stone, Eric R. & Sieck, Winston R. & Bull, Benita E. & Frank Yates, J. & Parks, Stephanie C. & Rush, Carolyn J., 2003. "Foreground:background salience: Explaining the effects of graphical displays on risk avoidance," Organizational Behavior and Human Decision Processes, Elsevier, vol. 90(1), pages 19-36, January.
- Guofang Zhai & Takeshi Suzuki, 2008. "Effects of Risk Representation and Scope on Willingness to Pay for Reduced Risks: Evidence from Tokyo Bay, Japan," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 513-522, April.
- Mohammed Abdellaoui & Horst Zank, 2023. "Source and rank-dependent utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 949-981, May.
- James Hammitt & Jin-Tan Liu, 2004.
"Effects of Disease Type and Latency on the Value of Mortality Risk,"
Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 73-95, January.
- Jin-Tan Liu & James K. Hammitt, 2003. "Effects of Disease Type and Latency on the Value of Mortality Risk," NBER Working Papers 10012, National Bureau of Economic Research, Inc.
- Oben K Bayrak & Bengt Kriström, 2016.
"Is there a valuation gap? The case of interval valuations,"
Economics Bulletin, AccessEcon, vol. 36(1), pages 218-236.
- Bayrak, Oben K. & Kriström, Bengt, 2015. "Is there a valuation gap? The case of interval valuations," CERE Working Papers 2015:13, CERE - the Center for Environmental and Resource Economics.
- Alberini, Anna & Ščasný, Milan, 2018.
"The benefits of avoiding cancer (or dying from cancer): Evidence from a four- country study,"
Journal of Health Economics, Elsevier, vol. 57(C), pages 249-262.
- Alberini, Anna & Ščasný, Milan, 2017. "The Benefits of Avoiding Cancer (or Dying from Cancer): Evidence from a Four-country Study," SAS: Society and Sustainability 253214, Fondazione Eni Enrico Mattei (FEEM).
- Anna Alberini & Milan Šcasný, 2017. "The Benefits of Avoiding Cancer (or Dying from Cancer): Evidence from a Four-country Study," Working Papers 2017.01, Fondazione Eni Enrico Mattei.
- Michal Skořepa, 2007. "Zpochybnění deskriptivnosti teorie očekávaného užitku [Doubts about the descriptive validity of the expected utility theory]," Politická ekonomie, Prague University of Economics and Business, vol. 2007(1), pages 106-120.
More about this item
Keywords
risk; communication; rational choice; insentivity to scope; gain/loss asymmetry.;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2012-03-28 (Cognitive and Behavioural Economics)
- NEP-UPT-2012-03-28 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lef:wpaper:2012-01. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sylvain CAURLa (email available below). General contact details of provider: https://edirc.repec.org/data/lefinfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.