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-to-pay (WTP), and willingness-to-accept (WTA). Consistent with previous research we do not find clearcut evidence of fanning out … in the absence of certainty effects. Violation rates of EU are more pronounced for WTP and WTA than for choice data …
Persistent link: https://www.econbiz.de/10008631612
In the context of eliciting preferences for decision making under risk, we ask the question: “which might be the ‘best’ method for eliciting such preferences?”. It is well known that different methods differ in terms of the bias in the elicitation; it is rather less well-known that...
Persistent link: https://www.econbiz.de/10005818777