Midterm 1 solutions

Each method has a variety of pros and cons for more

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Unformatted text preview: a variety of pros and cons: for more detail refer to the slides for lecture 3 and chapter 3 in the textbook. For example, consider the stated preference method: For: This method can measure how much people inherently care about the existence of turtles, something that is very difficult to capture otherwise. Against: People might overstate their willingness to pay since the survey does not represent a real commitment to pay for the protection of turtles....
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This note was uploaded on 01/31/2014 for the course BILD 3 taught by Professor Wills during the Winter '07 term at UCSD.

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