Experimental methods and the welfare evaluation of policy lotteries

  title={Experimental methods and the welfare evaluation of policy lotteries},
  author={Glenn W. Harrison},
Policies impose lotteries of outcomes on individuals, since we never know exactly what the effects of the policy will be. In order to evaluate alternative policies, we need to make assumptions about individual preferences, even before social welfare functions are applied. There are two broad ways in which experimental methods are used to evaluate policy. One is to use experiments to estimate individual preferences, valuations and beliefs and use those estimates as priors in policy evaluation… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.
6 Citations
73 References
Similar Papers


Publications referenced by this paper.
Showing 1-10 of 73 references

The Economics of Climate Change: The Stern Review

  • N. Stern
  • New York: Cambridge University Press.
  • 2007
Highly Influential
6 Excerpts

Estimating subjective probabilities

  • S. Andersen, J. Fountain, G. W. Harrison, E. E. Rutström
  • Working Paper 2010–06, Center for the Economic…
  • 2010
Highly Influential
4 Excerpts


  • D. N. Weil
  • In: W. Easterly and J. Cohen (eds), What Works in…
  • 2009
Highly Influential
5 Excerpts

Mostly Harmless Econometrics: An Empiricist’s Companion

  • J. D. Angrist, J. S. Pischke
  • Princeton: Princeton University Press.
  • 2009
Highly Influential
6 Excerpts

Experimental evidence on alternative environmental valuation methods

  • G. W. Harrison
  • Environmental and Resource Economics 34: 125–162.
  • 2006
Highly Influential
7 Excerpts

A challenge to the compound lottery axiom: A two-stage normative structure and comparison to other theories

  • D. B. Davis, M. E. Paté-Cornell
  • Theory and Decision 37: 267–309.
  • 1994
Highly Influential
5 Excerpts

Discounting behavior: a reconsideration

  • S. Andersen, G. W. Harrison, M. I. Lau, E. E. Rutström
  • Working Paper 2011–03, Center for the Economic…
  • 2011
3 Excerpts

Inferring beliefs as subjectively imprecise probabilities

  • S. Andersen, J. Fountain, G. W. Harrison, A. R. Hole, E. E. Rutström
  • Theory and Decision, forthcoming.
  • 2011
3 Excerpts

A simplified axiomatic approach to ambiguity aversion

  • W. S. Neilson
  • Journal of Risk and Uncertainty 41: 113–124.
  • 2010

Similar Papers

Loading similar papers…