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For companies, it is essential to obtain information about customers' preferences to successfully market their products and services. Experimental auctions are a promising method for acquiring such information considering that they are incentive compatible and non-hypothetical. Their...
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experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
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participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of … illustrated using data from an experiment investigating the value of time and the value of statistical life. We discuss the …
Persistent link: https://www.econbiz.de/10011376457
collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary … rewards for traveling outside peak hours. The experiment included ca. 1000 participants and lasted for about 6 months. Holders … of an annual train pass were invited to join the experiment, and a customized smartphone app was used to measure the …
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activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …
Persistent link: https://www.econbiz.de/10011932593
We examine gender differences in competitiveness, using a TV game show where the winner of an elimination competition plays a game of chance worth hundreds of thousands of euros. At several stages of the competition, contestants face a choice between continuing to compete and opting out in...
Persistent link: https://www.econbiz.de/10012164690
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...
Persistent link: https://www.econbiz.de/10010337020