WAMSI PhD Top-up - 3.9.3 - The policy relevance of Choice Modelling: an application to Ningaloo Marine Park

Choice Modelling (CM) is a valuation technique commonly applied to estimate dollar values for environmental assets. It has had limited impact with respect to its use in policy, despite its demonstrated advantages in quantifying existence values. Its slow uptake in guiding real-world decisions raises questions about its relevance for policy. This study provides some insight as to whether the technique is in fact useful to inform policy by investigating two key issues: (1) whether preferences diverge between the general public and expert scientist populations; and (2) whether the inclusion of management processes in the choice model has an impact on preferences. If preferences are found to be divergent between the public and experts, it follows that public consultation is an essential component of decision making processes, and that CM is indeed a relevant approach to inform policy of public preferences.