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From Preferences to Experiences: Valuing the Intangible Victim Costs of Crime

Dolan, P. and Moore, Simon Christopher 2007. From Preferences to Experiences: Valuing the Intangible Victim Costs of Crime. International Review of Victimology 14 (2) , pp. 265-280. 10.1177/026975800701400206

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Abstract

An important part of the costs of crime are intangible victim costs; that is, the effects on individual well-being. Economists tend to value such costs by asking people what they would be willing to pay to avoid them (either in money terms or by giving up something else of value, like life expectancy). However, psychological research has shown that such preferences are not a very good guide to how various events impact on well-being. Recent developments in the measurement of well-being as it is experienced provide promising alternatives to preference-based methods and we discuss how these methods could be developed further to provide more robust estimates of intangible costs of crime.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Dentistry
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > HV Social pathology. Social and public welfare
Uncontrolled Keywords: preferences
Publisher: SAGE Publications
ISSN: 0269-7580
Last Modified: 24 Jun 2017 09:41
URI: http://orca.cf.ac.uk/id/eprint/35638

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