Tom Sawyer and the construction of value

This paper challenges the common assumption that economic agents know their tastes. After reviewing previous research showing that valuation of ordinary products and experiences can be manipulated by non-normative cues, we present three studies showing that in some cases people do not even have a pre-existing sense of whether an experience is good or bad - even when they have experienced a sample of it.

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Year of publication:	2005
Authors:	Ariely, Dan ; Loewenstein, George ; Prelec, Drazen
Publisher:	Boston, MA : Federal Reserve Bank of Boston
Subject:	Präferenztheorie \| Test \| preferences \| preference uncertainty \| coherent arbitrariness

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Series:	Working Papers ; 05-10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	505087278 [GVK] hdl:10419/55613 [Handle]
Classification:	D00 - Microeconomics. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010280922