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Cognitive ability a...
Cognitive ability and scale bias in the contingent valuation method : An analysis of willingness to pay to reduce mortality risk
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- Andersson, Henrik (författare)
- Department of Transport Economics, Swedish National Road and Transport Research Institute (VTI), Stockholm, Sweden
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- Svensson, Mikael (författare)
- Örebro universitet,Institutionen för ekonomi, statistik och informatik,Handelshögskolan vid Örebro universitet, Örebro universitet
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(creator_code:org_t)
- 2007-06-21
- 2008
- Engelska.
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Ingår i: Environmental and Resource Economics. - : Springer Science and Business Media LLC. - 0924-6460 .- 1573-1502. ; 39:4, s. 481-495
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- This study investigates whether or not the scale bias found in contingent valuation (CVM) studies on mortality risk reductions is a result of cognitive constraints among respondents. Scale bias refers to insensitivity and non-near-proportionality of the respondents’ willingness to pay (WTP) to the size of the risk reduction. Two hundred Swedish students participated in an experiment in which their cognitive ability was tested before they took part in a CVM-study asking them about their WTP to reduce bus-mortality risk. The results imply that WTP answers from respondents with a higher cognitive ability are less flawed by scale bias
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- SOCIAL SCIENCES
- SAMHÄLLSVETENSKAP
- Economics
- Nationalekonomi
- Economics
- Nationalekonomi
- Cognitive ability
- Economics
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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