Experienced Utility as a Standard of Policy Evaluation

By Daniel Kahneman, Robert Sugden. 2005

596 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/abcfcd19f057f71c0675ec53b9886fa1490426a4

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Citations in the corpus

The aggregation of environmental benefit values: Welfare measures, distance decay and total WTP (2006, background): “Another possibility that a ‘focussing illusion’ (Schkade and Kahneman, 1998; Loewenstein and Frederick, 1997; Loewenstein and Schkade, 1999; Kahneman and Sugden, 2005) may lead to non-users overstating WTP amounts although whether this would have a distance decay dimension is unclear.”
Measuring Subjective Wellbeing: Recommendations on Measures for use by National Governments (2012, methodology): “There is increasing work on using SWB for economic and social policy (e.g. Donovan and Halpern, 2002; Kahneman and Sugden, 2005; Layard, 2005; Dolan and White, 2007; Edwards and Imrie, 2008; Dolan and Peasgood, 2008; HM Treasury, 2008) but there is a need for a fuller consideration of, and…”
Using Happiness Data for Environmental Valuation: Issues and Applications (2009, unknown): “To place a monetary value on such changes presents people with an unfamiliar and cognitively complicated task of affective forecasting which may result in elicitation of attitudes rather than preferences (Kahneman and Sugden, 2005).”
Behavioral Environmental Economics: Promises and Challenges (2014, background): “…one or a combination of several approaches, including structural estimations of behavioral economics models, carefully designed experiments, introspection, surveys, self‐reported happiness, fMRI scanning and other methods (Kahneman and Sugden 2005, Beshears et al. 2008, Loewenstein and Ubel 2008).”
Does happiness data say urban parks are worth it? (2018, methodology): “This approach estimates the implicit willingness to pay (denoted WTP) for a marginal change in environmental factors using the partial derivative of environmental variables and the partial derivative of household income (Dolan & Kahneman, 2008; Kahneman & Sugden, 2005; Welsch & Ferreira, 2013).”
The Impact of Immigration on the Well-Being of Natives (2014, unknown): “(2)Kahneman and Sugden (2005) provide a thorough discussion about how subjective and objective measures compare.”
The five dimensions of sustainability (2009, background): “There are consequently as many ‘environments’ or ‘places’ as visions people have of the space around them (Macnaghten and Urry 1998). Place provides an important share of the sense of belonging and identity that are partly responsible for the generation of culture. It has been defined as ‘the experi”
One swallow doesn’t make a summer: new evidence on anchoring effects (2014, background): “For Kahneman and Sugden (2005), these results imply that “people can be unsure what their preferences are”, and they argue that stated WTP and WTA should not be used in policy valuation.”
Estimating the cost of air pollution in South East Queensland: An application of the life satisfaction non-market valuation approach (2013, background): “The approach therefore reveals ex-post experienced utility rather than the ex-ante decision utility typically revealed by other non-market valuation techniques (Kahneman and Sugden, 2005).”