The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR)
Choice Experiment (CE) technique requires respondents to choose the most preferred alternative from a series of alternatives presented to them.One of these alternatives is Status Quo (SQ) option which resembles the current scenario.However, respondents’ interpretation of SQ may differ.This is inevit...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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2013
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| Online Access: | https://repo.uum.edu.my/id/eprint/9551/1/PK.pdf |
| _version_ | 1803625863073234944 |
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| author | Hasan Basri, Bakti Rawi, Shamsul Bahrain Omar, Hamimi Mohamad @ Alwi, Mohamad Khairi |
| author_facet | Hasan Basri, Bakti Rawi, Shamsul Bahrain Omar, Hamimi Mohamad @ Alwi, Mohamad Khairi |
| author_sort | Hasan Basri, Bakti |
| collection | UUM |
| description | Choice Experiment (CE) technique requires respondents to choose the most preferred alternative from a series of alternatives presented to them.One of these alternatives is Status Quo (SQ) option which resembles the current scenario.However, respondents’ interpretation of SQ may differ.This is inevitable for environmental goods.Using the case study of white water rafting (WWR) activity, this article investigates the effects of respondents’ willingness to pay (WTP) when they are allowed to define their own SQ.Three types of SQ are being investigated: a) individual interpretation; b) group interpretation; and c) authors’ interpretation.The results show that the personal and group interpret ations of SQ produce better results compared to the authors’ interpretation at least in significance of attributes.This indicates that in complex choice experiment exercises, the determination of the SQ should be decided by the respondents rather than by the researcher. |
| first_indexed | 2024-07-04T05:41:02Z |
| format | Conference or Workshop Item |
| id | uum-9551 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:41:02Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | uum-95512016-04-18T04:02:15Z https://repo.uum.edu.my/id/eprint/9551/ The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) Hasan Basri, Bakti Rawi, Shamsul Bahrain Omar, Hamimi Mohamad @ Alwi, Mohamad Khairi HC Economic History and Conditions Choice Experiment (CE) technique requires respondents to choose the most preferred alternative from a series of alternatives presented to them.One of these alternatives is Status Quo (SQ) option which resembles the current scenario.However, respondents’ interpretation of SQ may differ.This is inevitable for environmental goods.Using the case study of white water rafting (WWR) activity, this article investigates the effects of respondents’ willingness to pay (WTP) when they are allowed to define their own SQ.Three types of SQ are being investigated: a) individual interpretation; b) group interpretation; and c) authors’ interpretation.The results show that the personal and group interpret ations of SQ produce better results compared to the authors’ interpretation at least in significance of attributes.This indicates that in complex choice experiment exercises, the determination of the SQ should be decided by the respondents rather than by the researcher. 2013-06-07 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/9551/1/PK.pdf Hasan Basri, Bakti and Rawi, Shamsul Bahrain and Omar, Hamimi and Mohamad @ Alwi, Mohamad Khairi (2013) The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR). In: Persidangan Kebangsaan Ekonomi Malaysia ke VIII (PERKEM VIII), 7 – 9 Jun 2013, Johor Bahru, Malaysia. http://www.ukm.my/fep/perkem/perkemVIII/ |
| spellingShingle | HC Economic History and Conditions Hasan Basri, Bakti Rawi, Shamsul Bahrain Omar, Hamimi Mohamad @ Alwi, Mohamad Khairi The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title | The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title_full | The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title_fullStr | The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title_full_unstemmed | The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title_short | The effect of Status Quo (SQ) interpretation on welfare estimates: An application of white water rafting (WWR) |
| title_sort | effect of status quo sq interpretation on welfare estimates an application of white water rafting wwr |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/9551/1/PK.pdf |
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