Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/51141
DC FieldValueLanguage
dc.contributor.authorArana, Jorge E.en_US
dc.contributor.authorLeón González, Carmelo Javieren_US
dc.contributor.otherSuarez, Beatriz-
dc.contributor.otherArana, Jorge-
dc.date.accessioned2018-11-24T21:49:35Z-
dc.date.available2018-11-24T21:49:35Z-
dc.date.issued2012en_US
dc.identifier.issn0003-6846en_US
dc.identifier.urihttp://hdl.handle.net/10553/51141-
dc.description.abstractThe 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. However, this scale can vary across individuals due to different perceptions on what are the right or appropriate bounds for Willingness To Pay (WTP). In this article, we test for scale-perception bias and propose a correction method based on the utilization of anchoring vignettes that define different degrees of preference for the nonmarket good. The proposed method is applied to study the commonly found anomaly 'probability neglect', which is defined by the insensitivity to the probability levels in the valuation of environmental risks. The results show that probability neglect disappears when WTP responses are corrected for self-perception bias through the utilization of the anchoring vignettes approach.en_US
dc.languagespaen_US
dc.publisher0003-6846
dc.relation.ispartofApplied economics (Print)en_US
dc.sourceApplied Economics[ISSN 0003-6846],v. 44 (20), p. 2607-2617en_US
dc.subject.otherWillingness-To-Pay
dc.subject.otherHealth
dc.subject.otherVignettes
dc.subject.otherInference
dc.subject.otherModel
dc.titleScale-perception bias in the valuation of environmental risksen_US
dc.typeinfo:eu-repo/semantics/Articleen_US
dc.typeArticleen_US
dc.identifier.doi10.1080/00036846.2011.566188en_US
dc.identifier.scopus80051751336-
dc.identifier.isi000301539800006-
dcterms.isPartOfApplied Economics
dcterms.sourceApplied Economics[ISSN 0003-6846],v. 44 (20), p. 2607-2617
dc.contributor.authorscopusid7005207170-
dc.contributor.authorscopusid7101886256-
dc.description.lastpage2617en_US
dc.description.firstpage2607en_US
dc.relation.volume44en_US
dc.type2Artículoen_US
dc.identifier.wosWOS:000301539800006-
dc.contributor.daisngid641205-
dc.contributor.daisngid597168-
dc.identifier.investigatorRIDL-6377-2014-
dc.identifier.investigatorRIDD-1139-2011-
dc.contributor.wosstandardWOS:Arana, JE-
dc.contributor.wosstandardWOS:Leon, CJ-
dc.date.coverdateJulio 2012en_US
dc.identifier.ulpgces
dc.description.sjr0,658
dc.description.jcr0,437
dc.description.sjrqQ3
dc.description.jcrqQ3
dc.description.ssciSSCI
item.grantfulltextnone-
item.fulltextSin texto completo-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.deptGIR TIDES: Economía, medioambiente, sostenibilidad y turismo-
crisitem.author.deptIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.orcid0000-0003-0878-9934-
crisitem.author.orcid0000-0001-9451-4093-
crisitem.author.parentorgIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.fullNameAraña Padilla, Jorge-
crisitem.author.fullNameLeón González, Carmelo Javier-
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