Scale-Perception Bias In The Valuation Of Environmental Risks
- Publisher:
- Routledge Journals, Taylor & Francis Ltd
- Publication Type:
- Journal Article
- Citation:
- Applied Economics, 2012, 44 (20), pp. 2607 - 2617
- Issue Date:
- 2012-01
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The valuation of environmental risks is commonly approached with the utilization of stated preference methods such as contingent valuation. In these methods, money is utilized as the scale that reflects the individual's underlying utility function. Howev
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