CORDIS Project
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This project investigates how individuals form preferences for environmental policies when searching for information about alternatives. It aims to enhance the reliability of stated choice experiments, which are used to assess non-marketed costs and benefits in policy-making, by addressing biases in decision-making pro…
Cost-benefit analyses are routinely used by policy makers when designing environmental policy to weigh the costs and benefits of different policy alternatives, and stated choice experiments are used to value the non-marketed costs and benefits included in such analyses.
Standard practice in stated choice experiments is to create a hypothetical market environment in which people choose among competing policy alternatives under the assumptions that they have complete information about all availabl…
THE UNIVERSITY OF STIRLING
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