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Many studies report on a systematic disparity between the willingness to pay for a certain good (WTP) and the willingness to accept retribution payments in exchange for giving up this good (WTA). Thaler (1980) employs prospect theory to explain this disparity. The literature contains two...
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betrayal aversion for those who expect substantial contributions by others. This is consistent with their social risk taking in … optimistic ones typically contribute to the public good and thus take the social risk of being exploited. …
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betrayal aversion for those who expect substantial contributions by others. This is consistent with their social risk taking in … optimistic ones typically contribute to the public good and thus take the social risk of being exploited. …
Persistent link: https://www.econbiz.de/10011300140
betrayal aversion for those who expect substantial contributions by others. This is consistent with their social risk taking in … optimistic ones typically contribute to the public good and thus take the social risk of being exploited. …
Persistent link: https://www.econbiz.de/10011308480
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