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In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it...
Persistent link: https://www.econbiz.de/10012143441
Persistent link: https://www.econbiz.de/10010399698
Persistent link: https://www.econbiz.de/10010399703
In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it...
Persistent link: https://www.econbiz.de/10012135537
Persistent link: https://www.econbiz.de/10014551971