Cognitive ability and scale bias in the contingent valuation method

被引:24
作者
Andersson, Henrik [1 ]
Svensson, Mikael [2 ]
机构
[1] Swedish Natl Rd & Transport Res Inst, Dept Transport Econ, S-10215 Stockholm, Sweden
[2] Univ Orebro, Dept Business Econ Stat & Informat, Orebro, Sweden
关键词
cognitive ability; contingent valuation; mortality risk; near-proportionality; scale bias;
D O I
10.1007/s10640-007-9137-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates whether or not the scale bias found in contingent valuation (CVM) studies on mortality risk reductions is a result of cognitive constraints among respondents. Scale bias refers to insensitivity and non-near-proportionality of the respondents' willingness to pay (WTP) to the size of the risk reduction. Two hundred Swedish students participated in an experiment in which their cognitive ability was tested before they took part in a CVM-study asking them about their WTP to reduce bus-mortality risk. The results imply that WTP answers from respondents with a higher cognitive ability are less flawed by scale bias.
引用
收藏
页码:481 / 495
页数:15
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