LEADER 06753 am 22006973u 450 001 9910297039103321 005 20230621140205.0 010 $a9783631755150$b(ebook) 010 $a3631755155$b(ebook) 010 $z9783631573365$b(paperback) 024 7 $a10.3726/b14029 035 $a(CKB)4100000007277009 035 $a(OAPEN)1003264 035 $a(WaSeSS)IndRDA00125337 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/38577 035 $a(MiAaPQ)EBC30686010 035 $a(Au-PeEL)EBL30686010 035 $a(EXLCZ)994100000007277009 100 $a20200706h20072007 fy 0 101 0 $aeng 135 $aurmu#---auuuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRationality concepts in environmental valuation /$fOliver Fro?r 205 $a1st ed. 210 $aBern$cPeter Lang International Academic Publishing Group$d2018 210 1$aFrankfurt am Main, Germany :$cPeter Lang,$d[2007] 210 31$aFrankfurt am Main, Germany :$cPeter Lang,$d[2018] 210 4$d©2007 215 $a1 online resource (XVI, 239 pages) $cillustrations, charts; digital, PDF file(s) 225 1 $aHohenheimer Volkswirtschaftliche Schriften ;$vBand 58 300 $aOriginally presented as the author?s doctoral thesis: Hohenheim, 2007. 311 08$aPrint version: 9783631573365 320 $aIncludes bibliographical references. 327 $aCover -- 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?. 327 $a4.2.2 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. 330 $aSurvey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents? rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents? limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed. 410 0$aHohenheimer volkswirtschaftliche Schriften ;$vBand 58. 606 $aEnvironmental economics 606 $aEnvironmental protection$xEconomic aspects 610 $aBounded Rationality 610 $aConcepts 610 $aContingent Valuation 610 $aContingent Valuation Method 610 $aEnviromental 610 $aEnvironmental 610 $aFrör 610 $aRationality 610 $aUmweltbilanz 610 $aValuation 615 0$aEnvironmental economics. 615 0$aEnvironmental protection$xEconomic aspects. 676 $a333.7 700 $aFro?r$b Oliver$0951458 801 0$bWaSeSS 801 1$bWaSeSS 801 2$bUkMaJRU 912 $a9910297039103321 996 $aRationality concepts in environmental valuation$92150980 997 $aUNINA