Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/23958
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Sad or Happy? The Effects of Emotions on Stated Preferences for Environmental Goods
Authors: Hanley, Nick
Boyce, Christopher J
Czajkowski, Mikolaj
Tucker, Steve
Noussair, Charles
Townsend, Michael
Contact Email: christopher.boyce@stir.ac.uk
Keywords: Choice experiments
Behavioral economics
Environmental valuation
Emotions
Cost-benefit analysis
Issue Date: Dec-2017
Citation: Hanley N, Boyce CJ, Czajkowski M, Tucker S, Noussair C & Townsend M (2017) Sad or Happy? The Effects of Emotions on Stated Preferences for Environmental Goods, Environmental and Resource Economics, 68 (4), pp. 821-846.
Abstract: A substantial literature in behavioural science and psychology shows that emotions affect human choices and values. This paper investigates whether such emotional impacts are also present in stated choice experiments for environmental goods. If this were so, it would introduce an additional element of context dependence to the welfare measures derived from such methods, and would be at odds with the rational choice model underlying welfare economics. A laboratory experiment using three different emotion treatments was combined with a stated preference choice experiment concerned with changes in coastal water quality and fish populations in New Zealand. No statistically significant effects of changes in emotional state on estimated preference parameters, willingness to pay or the randomness of choices were found. The paper concludes by questioning, why such a contrast exists with empirical findings in behavioural science.
DOI Link: http://dx.doi.org/10.1007/s10640-016-0048-9
Rights: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made

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