Recent work by Kahneman and others has led to a new focus in economics on a wellbeing-based approach to utility. This suggests that ‘experienced utility’ is an alternative and more appropriate basis for the measurement of economic value compared with ‘decision utility’. In this paper, we...

In this paper, we investigate whether people’s knowledge of the past influences their preferences and values towards future landscape change. “Knowledge of the past” is one aspect of the information set held by individuals, and a well-established finding in stated preference work is that...