scholarly journals Behavioral Anomalies in Contingent Values and Actual Choices

2016 ◽  
Vol 45 (2) ◽  
pp. 246-269 ◽  
Author(s):  
Gregory L. Poe
Keyword(s):  
Contingent Valuation ◽  
Stated Preference ◽  
Contingent Valuation Method ◽  
Preference Elicitation ◽  
Stated Preferences ◽  
Stated Preference Methods ◽  
Elicitation Methods ◽  
Valuation Method ◽  
Growing Body

A growing body of literature demonstrates that many behavioral anomalies observed in stated-preference elicitation methods such as the contingent valuation method are also observed in actual choices and vice versa. This presentation furthers the argument that such parallel behaviors should be viewed as a strength of stated-preference methods. Three well-known anomalies observed in both stated preferences and actual choices are first reviewed to lay the foundation for this argument. A number of lesser-known anomalies are then presented to demonstrate the wider prevalence of parallel anomalies in stated preferences and actual choices.

Contingent Valuation of Sports

2012 ◽  
pp. 334-350 ◽  
Author(s):  
Bruce K. Johnson ◽  
John C. Whitehead
Keyword(s):  
Public Goods ◽  
Contingent Valuation ◽  
Stated Preference ◽  
Contingent Valuation Method ◽  
Public Investment ◽  
Investment Project ◽  
Valuation Method ◽  
Civic Pride ◽  
Major League ◽  
The City

This article takes up the task of using surveys to quantify ex ante the value of a public investment project that offers both an excludable benefit stream and an intangible, subjectively valued benefit stream. It specifically describes the use of the Contingent Valuation Method (CVM) to conduct such surveys and to analyze the data to measure the benefits produced by sports public goods. The Lexington survey showed the feasibility of using the CVM to estimate willingness-to-pay for sports public goods, but left unanswered the question of how much major league sports public goods are worth. Pittsburgh's civic pride in its major league status would be intact if the Penguins left, since the city also hosts baseball's Pirates and football's Steelers. Conducting a CVM survey offers an opportunity to ask questions to allow stated preference methods other than CVM to be employed to inform public policy related to sports.

scholarly journals Kesediaan Masyarakat Menerima Kompensasi Dari Pencemaran Limbah B3 Di Kabupaten Mojokerto: Contingen Valuation Method

2017 ◽  
Author(s):  
Nisful Laila ◽  
Gigih Prihantono
Keyword(s):  
Contingent Valuation ◽  
Choice Model ◽  
Stated Preference ◽  
Contingent Valuation Method ◽  
Valuation Method

Paradigma Ekonomi Pembangunan Hijau adalah konsep yang menyeimbangkan antara pertumbuhan ekonomi, alam dan lingkungan. Dengan paradigma kerusakan lingkungan yang diharapkan dapat diminimalkan. Namun pada kenyataannya yang terjadi adalah berlawanan itu. Praktek kerusakan lingkungan masih berlangsung, terutama terkait dengan pembuangan limbah industri (limbah B3) terutama di Desa Lakardowo, Kabupaten Mojokerto. Penelitian ini fokus pada penerapan metode contingent valuation method (CVM) untuk menghitung ke kerugian ekonomi dari aktivitas ini. Choice Model yang digunakan dalam penelitian ini adalah teknik stated preference, yaitu nilai akan meningkat jika digunakan, untuk menghasilkan estimasi nilai non-pasar. Teknik ini digunakan untuk menilai kerugian dampak ekonomi bagi adanya limbah industri. Metode CVM ini diterapkan pada sampel penelitian sebanyak 586 responden. Responden ditanyai tentang kegiatan daur ulang yang mereka lakukan saat ini dan karakteristik sosio-demografis, dan apakah mereka bersedia untuk membayar jumlah yang diusulkan untuk layanan pengumpulan sampah selektif yang lebih berkelanjutan. Hasil estimasi menunjukkan bahwa masyarakat bersedia untuk membayar kompensasi ekonomi sebesar Rp. 10.813.847.

scholarly journals Eliciting Preferences in Dentistry with Multiattribute Stated Preference Methods: A Systematic Review

2018 ◽  
Vol 3 (4) ◽  
pp. 326-335 ◽  
Author(s):  
S. Barber ◽  
S. Pavitt ◽  
B. Khambay ◽  
H. Bekker ◽  
D. Meads
Keyword(s):  
Decision Making ◽  
Oral Health ◽  
Service Delivery ◽  
Stated Preference ◽  
Preference Elicitation ◽  
Health States ◽  
Stated Preference Methods ◽  
The Public ◽  
Elicitation Methods ◽  
Stated Preference Experiments

Background: Preference experiments are used to understand how patients and stakeholders value aspects of health care. These methods are gaining popularity in dentistry, but quality and breadth of use have not been evaluated. Objectives: To describe multiattribute stated preference experiment use in dentistry through illustration and critique of existing studies. Data Sources: Systematic literature search of PubMed, Econlit and Ovid for Medline, Embase, PsychINFO, PsychARTICLES, and All EBM Reviews, as well as gray literature. Study Eligibility: Multiattribute stated preference experiments eliciting preferences for dental service delivery, treatments, and oral health states from the perspective of patients, the public, and dental professionals. Outcomes of interest were preference weights and marginal rates of substitution. Study selection was independently performed by 2 reviewers. Appraisal: Ten-point checklist published by the International Society of Pharmacoeconomics and Outcomes Research was used for quality assessment. Synthesis: Descriptive analysis. Results: Searches identified 12 records published between 1999 and 2015, mostly in nondental academic journals. Studies were undertaken in high-income countries in Europe and the United States. The studies aimed to elicit preference for service delivery, treatment, or oral health states from the perspective of the patients, dentists, or the public via discrete choice experiment methods. The quality scores for the studies ranged from 53% to 100%. Limitations: A detailed description and critique of stated preference methods are provided, but it was not possible to provide synthesized preference data. Conclusions: Multiattribute stated preference experiments are increasingly popular, but understanding the methods and outputs is essential for designing and interpreting preference studies to improve patient care. Patient preferences highlight important considerations for decision making during treatment planning. Valuation of health states and estimation of willingness-to-pay are important for resource planning and allocation and economic evaluation. Preference estimates and relative value of attributes for interventions and service delivery inform development and selection of treatments and services (PROSPERO 21.3.17: CRD42017059859). Knowledge Transfer Statement: Understanding patient, professional, and public preferences is fundamental for evidence-based decision making and treatment delivery. Preference elicitation methods can be used to estimate the value given to health states, service delivery, individual treatments, and health outcomes. By describing and appraising the methodology and application of multiattribute stated preference experiments in dentistry, this review provides an essential first step to wider use of well-designed, high-quality preference elicitation methods.

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