Prize Decoys at Work - New Experimental Evidence for Asymmetric Dominance Effects in Choices on Prizes in Competitions

In a controlled domain replication of the well-established prize decoy experiment, we provide new evidence for the recently disputed robustness of asymmetric dominance effects (ADEs). Specifically, using real choices between – according to pretests – meaningful options that trigger tradeoff considerations, we find an ADE sized 16% which remains robust across demographic groups. Therefore, our findings indicate that the failures to replicate the ADE in previous studies might be due to variations in the experimental choice setting

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Year of publication:	2014
Authors:	Müller, Holger
Other Persons:	Schliwa, Victor (contributor) ; Lehmann, Sebastian (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Experiment \| Wettbewerb \| Competition \| Theorie \| Theory