Slides [link]

Lecture 1

Theory of WTP and Stated Preference


Response questions

  1. What does it mean to use “revealed preference” to value the environment? Explain your answer referencing one of the methods from the readings/ videos. (one paragraph or less)

Additional material

Lecture 2

Stated Preference and Benefit Transfer


Response questions In your own words, describe what the “value of statistical life” is. From the article, what is one reason that name is less than ideal? (one paragraph)

Additional material

Key Points