Syllabus

Surveys and Experiments in Environmental Economics

Term: Autumn

Credit: 1-0-0

Lecturer:　Jorge E. Arana　University of Las Palmas de Gran Canaria (Spain) Noboru Hidano Tokyo Tech

Date and Time: Feb 3 - 5 15:00-18:10
Venue: 626 west 9 building

We will discuss basics and important topics in experiments and surveys in Environmental Economics. The validity of these techniques crucially depends on an adequate understanding of the different areas that support them We will talk about the importance of combining economic theory, econometrics, statistical design methods, and social and cognitive psychology in order to properly understand individual choices, so they can be used to elicit social preferences and help to guide environmental policy.

DAY 1. Surveys and Experiments in Environmental Economics

1) The importance of Measurement in Environmental Economics.
2) Market Data versus Surveys and Experiments in Environmental Economics.

DAY 2. Anomalies in Behavior and Challenges for Environmental Economics

3) Framing Effects I: Reference Dependent Utility Functions and Loss Aversion
4) Framing Effects II: Anchoring and Mental Accounting (Heuristics and Decision Rules)
5) Context Matters: Reciprocity, the Role of Emotions, Attitudes and Cognitive Complexity.

DAY 3. Recent Advances and Further Research.

6) Decision Utility versus Experience Utility: The Dynamics of Value.
7) Statistical versus Behavioral Optimal Designs.
8) Bayesian Modeling: A Natural Framework to Integrate Psychology and Economics.

Text:

00_CogProcessStatedPref.df.pdf

00_COnventional SPM.pdf

econometrics_Hanemann and Kanninen.pdf

Note:

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