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We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. While the authors implemented a verbal lottery...
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Many policy interventions in the environmental sector aim at changing environmental preferences, because these provide the basis for adopting environmental conservation behavior or technologies. To evaluate these changes, standard measurement tools in survey-based impact evaluations have 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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