Does a promise script work to reduce the hypothetical bias? : evidence from an induced value experiment

Botao Qin

This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2) All treatments are demand-revealing except for the hypothetical baseline.

MoreLess

Year of publication:	2020
Authors:	Qin, Botao
Publisher:	[Kiel] : [Kiel Inst. for the World Economy]
Subject:	Hypothetical bias \| oath \| random nth-price auction \| induced value experiment \| Experiment \| Zahlungsbereitschaftsanalyse \| Willingness to pay \| Auktionstheorie \| Auction theory \| Systematischer Fehler \| Bias

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10012209713