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dc.contributor.authorVondolia, Godwin Kofi
dc.contributor.authorHynes, Stephen
dc.contributor.authorArmstrong, Claire W.
dc.contributor.authorChen, Wenting
dc.date.accessioned2022-02-07T08:32:54Z
dc.date.available2022-02-07T08:32:54Z
dc.date.issued2021-02-01
dc.description.abstractSubjective well-being valuation has recently grown in use with applications in the fields of environment, health, and cultural heritage. With this methodology values are based on how non-market goods impact on self-reported measures of well-being such as life satisfaction. Despite the differences in theoretical foundations of subjective well-being and preference-based valuation methods, recent applications have attempted to integrate both approaches without the complete understanding of the effects of subjective well-being on stated preference elicitation. The present study investigates the extent to which subjective well-being impacts the responses to a choice experiment in Norway. The results indicate that momentary subjective well-being does not induce a higher level of randomness in the stated choices but rather affects the preferences for attribute. We also find that self-reported well-being measures respond differently to the cost attribute in the choice experiment. Furthermore, we compute marginal willingness-to-pays for various subjective well-being categories and discuss the implications of these results for an integrated modelling of subjective well-being and preference-based valuation methods.en_US
dc.identifier.citationVondolia GK, Hynes S, Armstrong C, Chen W. Subjective well-being and stated preferences: Explorations from a choice experiment in Norway. Journal of Behavioral and Experimental Economics. 2021;91en_US
dc.identifier.cristinIDFRIDAID 1975167
dc.identifier.doi10.1016/j.socec.2021.101682
dc.identifier.issn2214-8043
dc.identifier.issn2214-8051
dc.identifier.urihttps://hdl.handle.net/10037/23938
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.journalJournal of Behavioral and Experimental Economics
dc.rights.accessRightsopenAccessen_US
dc.rights.holderCopyright 2021 The Author(s)en_US
dc.titleSubjective well-being and stated preferences: Explorations from a choice experiment in Norwayen_US
dc.type.versionpublishedVersionen_US
dc.typeJournal articleen_US
dc.typeTidsskriftartikkelen_US
dc.typePeer revieweden_US


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