Template-Type: ReDIF-Paper 1.0
Author-Name:  Jonathan E. Alevy
Author-Name-First: Jonathan
Author-Name-Last: Alevy
Author-Email:  afja@uaa.alaska.edu
Author-Workplace-Name: Department of Economics, University of Alaska Anchorage
Author-Name:  John A. List
Author-Name-First: John
Author-Name-Last: List
Author-Email:  jlist@uchicago.edu
Author-Workplace-Name: Department of Economics, University of Chicago
Author-Name:  Wiktor Adamowicz
Author-Name-First: Wiktor
Author-Name-Last: Adamowicz
Author-Email:  Vic.Adamowicz@ales.ualberta.ca
Author-Workplace-Name: Department of Rural Economy, University of Alberta
Title:  How can Behavioral Economics Inform Non-Market Valuation? An Example from the Preference Reversal Literature
Abstract:Psychological insights have made inroads within most areas of study in economics.  One area where less 
advance has occurred is environmental and resource economics.  In this study, we examine preference reversals over 
evaluation modes, in which economic values critically depend on whether a good is valued jointly with others, or in 
isolation.  The question arises because two methods for eliciting stated preferences differ in that one presents 
objects together and another presents them in isolation.  Our empirical evidence demonstrates the import of behavioral
 economics, and sheds new light on the possible insensitivity of valuations to the scope of the good. 
Number: 2010-08
Keywords: field experiment
Classification-JEL: C93, Q51
Creation-date:2010
File-URL: http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA201008.pdf
File-Format: Application/pdf
Handle: RePEc:ala:wpaper:2010-08