Embedding a Field Experiment in Contingent Valuation to Measure Context-Dependent Risk Preferences: Does Prospect Theory Explain Individual Responses for Wildfire Risk?
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More about this item
KeywordsProspect theory; Contingent valuation; Field experiment; Wildfire risk;
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-18 (All new papers)
- NEP-CBE-2010-06-18 (Cognitive & Behavioural Economics)
- NEP-EXP-2010-06-18 (Experimental Economics)
- NEP-IAS-2010-06-18 (Insurance Economics)
- NEP-UPT-2010-06-18 (Utility Models & Prospect Theory)
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