Rationality Concepts in Environmental Valuation.
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| Format: | eBook |
| Language: | English |
| Published: |
Frankfurt a.M. :
Peter Lang GmbH, Internationaler Verlag der Wissenschaften,
2007.
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| Edition: | 1st ed. |
| Series: | Hohenheimer Volkswirtschaftliche Schriften Series
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| Subjects: | |
| Online Access: | Click to View |
Table of Contents:
- Cover
- i List of Figures
- ii List of Tables
- iii List of Abbreviations
- 1 Introduction
- 1.1 Motivation and scope
- 1.2 Further outline of the study
- 2 Environmental valuation
- 2.1 Theory and practice of environmental valuation
- 2.1.1 Environmental valuation - why?
- 2.1.2 Environmental valuation and benefit-cost analysis in neoclassical economics
- 2.1.3 Methods of environmental valuation
- 2.1.3.1 Indirect methods
- 2.1.3.2 Direct methods
- 2.1.4 Statistical estimation models for the CVM
- 2.2 Rationality problems in environmental valuation
- 2.2.1 Biases in Contingent Valuation
- 2.2.2 Rationality problems due to preference uncertainty
- 2.3 Summary
- 3 Rationality in economics
- 3.1 Outline of the chapter
- 3.2 Rationality concepts in economics an overview
- 3.2.1 What is rationality?
- 3.2.2 Extensions of the neoclassical rationality concept
- 3.3 Bounded rationality
- 3.3.1 The emergence of bounded rationality in the literature
- 3.3.2 Evidence of bounded rationality in economics and the social sciences
- 3.3.3 The psychological foundations of bounded rationality in environmental valuation
- 3.3.3.1 Why deal with psychology?
- 3.3.3.2 Cognitive psychology and its relation to the discipline of psychology
- 3.3.3.3 Fundamentals of cognitive psychology
- 3.3.4 Psychological models of reasoning: dual-process approaches
- 3.3.4.1 The concept of dual-process approaches
- 3.3.4.2 Specific model approaches of dual-processes in the context of environmental valuation
- 3.4 Summary
- 4 Bounded rationality in environmental valuation
- 4.1 Review and outline of the chapter
- 4.2 Theoretical considerations
- 4.2.1 Dealing with preference uncertainty: a fuzzy approach
- 4.2.1.1 Fuzzy logic and fuzzy preferences
- 4.2.1.2 Is it possible to assess fuzzy preferences regarding the environment?.
- 4.2.2 Considering bounded rationality in environmental valuation
- 4.2.2.1 What constitutes rationality in environmental valuation? The normative view
- 4.2.2.2 Why is bounded rationality a problem in environmental valuation?
- 4.2.2.3 Research questions and hypotheses
- 4.3 Development of empirical instruments for analyzing bounded rationality in CVM
- 4.3.1 A measure for individual differences in decision making: the rational experiential inventory (REI)
- 4.3.2 Adaptation of the REI to the context of the CVM
- 4.4 An empirical example
- 4.4.1 Background of the empirical research project: The Uplands Program
- 4.4.2 General research ideas and hypotheses of the subproject in northern Thailand
- 4.4.2.1 Problem definition
- 4.4.2.2 The empirical design
- 4.4.2.3 The measurement scales of bounded rationality in northern Thailand - research implementation in the survey design
- 4.4.2.4 Practical implementation of the survey
- 4.4.3 Empirical results of the project
- 4.4.3.1 Socio-economic and demographic characteristics of the respondent population
- 4.4.3.2 Estimates of willingness-to-pay for the tap water improvement program
- 4.4.3.3 Determinants of willingness-to-pay
- 4.4.3.4 The measurement scales of bounded rationality
- 4.4.3.5 Characteristics of the task independent and task dependent types
- 4.4.3.6 Bounded rationality and WTP
- 4.4.3.7 Detection of procedural biases and their relation to the measures of cognitive type
- 4.5 Discussion and implications of the empirical results of the study
- 5 Summary and conclusions
- 6 References
- 7 Appendix
- 7.1 Survey questionnaire
- 7.2 Correlations of socio-economic and attitudinal variables with TIF and TDF
- 7.2.1 Task independent factors
- 7.2.2 Task dependent factors.