Daniel Fujiwara

Social Value Blog

Daniel FujiwaraResearcher at London School of Economics

I’m Director at SImetrica, a research consultancy that focuses on social impact measurement and policy evaluation (www.simetrica.co.uk) and I’m also a researcher at the Centre for Economic Performance at the London School of Economics. I’ve worked in the field of policy evaluation and social impact for over 10 years and a real focus of my work and research is on valuation methodologies for non-market goods and quantitative methods for measuring causal impact.

I have worked with a range of valuation methods that form the foundation of social impact tools like SROI, cost-benefit analysis and cost-utility analysis and my research takes a multi-disciplinary approach, incorporating theory and findings from the fields of philosophy, economics, law, psychology, statistics and neuroscience. I work with a diverse range of research funders and clients on valuation topics such as non-monetary health valuation methods using Quality Adjusted Life Years (QALYs); preference-based monetary valuation methods (eg, contingent valuation and revealed preference) for education, environment and culture; capabilities based assessment and valuation approaches in developing countries; and wellbeing valuation methodology with the UK Government.

In terms of the latter, I have been involved in the developments on wellbeing valuation methodology with the UK Government and with the Organisation for Economic Co-operation and Development (the OECD) in Paris. I believe that wellbeing valuation is one of the most innovative (and potentially important) developments to date in the field of social impact valuation. Using data on people’s self-reported (subjective) wellbeing we can attach values to outcomes that were impossible to assess before. We can also rectify problems associated with other valuation methods used in social impact analysis.

I am currently working with a range of organisations including the Department for Culture, Media and Sport, the British Museum, the Tate galleries, the United Nations, Danone, HACT, the OECD, the Government of Ireland, HM Treasury (UK) and the Cabinet Office (UK) on projects using the wellbeing valuation approach to derive values for a wide range of outcomes such as health, conflict, arts and culture, sport, education, social programmes, civic participation, employment, crime and food security. A key project we’ve developed with HACT is the Social Value Bank – the world’s largest social value model derived from a consistent methodology (www.hact.org.uk/social-value-bank).

Given the plethora of valuation approaches used across the spectrum of social impact methods a large part of my work also focuses on the normative (philosophical) foundations of different valuation methods. For example, I am currently working in the area of health valuation on normative issues regarding the validity of different ethical assumptions underlying QALY measurement, preference valuation and wellbeing valuation.

I look forward to discussing social value with you all in Milan!

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