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in valuation. Using a field experiment I test whether drawing people's attention to the role they play in the process of …
Persistent link: https://www.econbiz.de/10012951543
in valuation. Using a field experiment I test whether drawing people's attention to the role they play in the process of …
Persistent link: https://www.econbiz.de/10012933448
Researchers frequently use variants of the Becker-DeGroot-Marschak (BDM) mechanism to elicit willingness to pay (WTP). These variants involve numerous incentive-irrelevant design choices, some of which carry advantages for implementation but may deteriorate participant comprehension or trust in...
Persistent link: https://www.econbiz.de/10013244245
Researchers frequently use variants of the Becker-DeGroot-Marschak (BDM) mechanism to elicit willingness to pay (WTP). These variants involve numerous incentive-irrelevant design choices, some of which carry advantages for implementation but may deteriorate participant comprehension or trust in...
Persistent link: https://www.econbiz.de/10012437865
Persistent link: https://www.econbiz.de/10010436638
Persistent link: https://www.econbiz.de/10012263322
. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in …This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation … a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2 …
Persistent link: https://www.econbiz.de/10012015708
. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in …This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation … a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2 …
Persistent link: https://www.econbiz.de/10012209713
experiment were offered the opportunity to contribute to climate protection by purchasing European Union Allowances. Allowances … purchased were withdrawn from the European Emissions Trading Scheme. In our experiment, information about other subjects …
Persistent link: https://www.econbiz.de/10013086788
Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
Persistent link: https://www.econbiz.de/10012823766