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Modelling Outcome-Related Risk in Choice Experiments

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  • Glenk, Klaus
  • Colombo, Sergio

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  • Glenk, Klaus & Colombo, Sergio, 2013. "Modelling Outcome-Related Risk in Choice Experiments," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(4), pages 1-20.
    • Handle: RePEc:ags:aareaj:253476
    DOI: 10.22004/ag.econ.253476
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    24. Desvousges, William H. & Smith, V. Kerry & Fisher, Ann, 1987. "Option price estimates for water quality improvements: A contingent valuation study for the monongahela river," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 248-267, September.
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    27. Li, Zheng & Hensher, David A. & Rose, John M., 2010. "Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 384-403, May.
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    Cited by:

    1. John Rolfe & Jill Windle, 2015. "Do Respondents Adjust Their Expected Utility in the Presence of an Outcome Certainty Attribute in a Choice Experiment?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(1), pages 125-142, January.
    2. Zack Dorner & Daniel A. Brent & Anke Leroux, 2019. "Preferences for Intrinsically Risky Attributes," Land Economics, University of Wisconsin Press, vol. 95(4), pages 494-514.
    3. Torres, Cati & Faccioli, Michela & Riera Font, Antoni, 2017. "Waiting or acting now? The effect on willingness-to-pay of delivering inherent uncertainty information in choice experiments," Ecological Economics, Elsevier, vol. 131(C), pages 231-240.
    4. Canales, Elizabeth & Bergtold, Jason S. & Williams, Jeffery & Peterson, Jeffrey, 2015. "Estimating farmers’ risk attitudes and risk premiums for the adoption of conservation practices under different contractual arrangements: A stated choice experiment," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205640, Agricultural and Applied Economics Association.
    5. Li, Zheng & Hensher, David A. & Rose, John M., 2010. "Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 384-403, May.
    6. Dorner, Zach & Brent, Daniel A. & Leroux, Anke, 2016. "Eliciting Risk Preferences for Intrinsic Attributes," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236644, Agricultural and Applied Economics Association.
    7. Cristiano Franceschinis & Ulf Liebe & Mara Thiene & Jürgen Meyerhoff & Damien Field & Alex McBratney, 2022. "The effect of social and personal norms on stated preferences for multiple soil functions: evidence from Australia and Italy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(2), pages 335-362, April.
    8. Reithmayer, Corrina & Danne, Michael & Mußhoff, Oliver, 2019. "Look at that! – The effect pictures have on consumer preferences for in ovo gender determination as an alternative to culling male chicks," Department of Agricultural and Rural Development (DARE) Discussion Papers 298419, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
    9. Chèze, Benoît & David, Maia & Martinet, Vincent, 2020. "Understanding farmers' reluctance to reduce pesticide use: A choice experiment," Ecological Economics, Elsevier, vol. 167(C).
    10. Sahan T. M. Dissanayake & Andrew G. Meyer, 2021. "Incorporating Beliefs and Experiences into Choice Experiment Analysis: Implications for Policy Recommendations," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 823-848, June.
    11. Martin-Ortega, Julia & Allott, Timothy E.H. & Glenk, Klaus & Schaafsma, Marije, 2014. "Valuing water quality improvements from peatland restoration: Evidence and challenges," Ecosystem Services, Elsevier, vol. 9(C), pages 34-43.
    12. Hangjian Wu & Emmanouil Mentzakis & Marije Schaafsma, 2022. "Exploring Different Assumptions about Outcome-Related Risk Perceptions in Discrete Choice Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(3), pages 531-572, March.
    13. Davies, Helen J. & Wu, Hangjian & Schaafsma, Marije, 2023. "Willingness-to-pay for urban ecosystem services provision under objective and subjective uncertainty," Resource and Energy Economics, Elsevier, vol. 71(C).
    14. Farolfi, Giulio & Johnston, Robert J., 2022. "Understanding Public Preferences for Shellfish Aquaculture Expansion: The Role of Production Technology and Environmental Impacts," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322131, Agricultural and Applied Economics Association.
    15. Min Song & Lynn Huntsinger & Manman Han, 2018. "How does the Ecological Well-Being of Urban and Rural Residents Change with Rural-Urban Land Conversion? The Case of Hubei, China," Sustainability, MDPI, vol. 10(2), pages 1-22, February.
    16. Christos Makriyannis & Robert J. Johnston & Ewa Zawojska, 2022. "Do numerical probabilities promote informed stated preference responses under inherent uncertainty? Insight from a coastal adaptation choice experiment," Working Papers 2022-05, Faculty of Economic Sciences, University of Warsaw.
    17. Monica Novackova & Richard S.J. Tol, 2018. "Climate Change Awareness and Willingness to Pay for its Mitigation: Evidence from the UK," Working Paper Series 0318, Department of Economics, University of Sussex Business School.
    18. Williams, Galina & Rolfe, John, 2017. "Willingness to pay for emissions reduction: Application of choice modeling under uncertainty and different management options," Energy Economics, Elsevier, vol. 62(C), pages 302-311.
    19. Elizabeth Canales & Jason S. Bergtold & Jeffery R. Williams, 2024. "Conservation intensification under risk: An assessment of adoption, additionality, and farmer preferences," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(1), pages 45-75, January.
    20. Makriyannis, Christos & Johnston, Robert, 2016. "Welfare Analysis for Climate Risk Reductions: Are Current Treatments of Outcome Uncertainty Sufficient?," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235532, Agricultural and Applied Economics Association.
    21. Bujosa, Angel & Torres, Cati & Riera, Antoni, 2018. "Framing Decisions in Uncertain Scenarios: An Analysis of Tourist Preferences in the Face of Global Warming," Ecological Economics, Elsevier, vol. 148(C), pages 36-42.
    22. Dadhi Adhikari & Jennifer A. Thacher & Janie M. Chermak & Robert P. Berrens, 2017. "Linking Forest to Faucets in a Distant Municipal Area: Public Support for Forest Restoration and Water Security in Albuquerque, New Mexico," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-34, January.
    23. Faure, Corinne & Guetlein, Marie-Charlotte & Schleich, Joachim & Tu, Gengyang & Whitmarsh, Lorraine & Whittle, Colin, 2022. "Household acceptability of energy efficiency policies in the European Union: Policy characteristics trade-offs and the role of trust in government and environmental identity," Ecological Economics, Elsevier, vol. 192(C).
    24. Markus Glatt & Roy Brouwer & Ivana Logar, 2019. "Combining Risk Attitudes in a Lottery Game and Flood Risk Protection Decisions in a Discrete Choice Experiment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1533-1562, December.
    25. Villanueva, Anastasio J. & Glenk, Klaus & Rodriguez-Entrena, M., 2016. "Serial non-participation and ecosystem services providers’ preferences towards incentive-based schemes," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236348, Agricultural Economics Society.

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