Search Results - subject:"Role of Expectations"

When does the price affect the taste? Results from a wine experiment

Almenberg, Johan; Dreber, Anna - 2009

We designed an experiment that examines how knowledge about the price of a good, and the time at which the information is received, affects how the good is experienced. The good in question was wine, and the price was either high or low. Our results suggest that hosts offering wine to guests can...

Persistent link: https://www.econbiz.de/10010281315

When Does the Price Affect the Taste? Results from a Wine Experiment

Almenberg, Johan; Dreber, Anna - Economics Institute for Research (SIR), … - 2009

information. JEL classification: C91, D03, D83, M31. Keywords: Price-Quality Heuristic, Attribute Information, Role of … Expectations, Marketing, Blind Tasting, Wine. I. Introduction Much economic analysis assumes that price simply reflects market …

Persistent link: https://www.econbiz.de/10004964396

WHEN DOES THE PRICE AFFECT THE TASTE? RESULTS FROM A WINE EXPERIMENT

Almenberg, Johan; Dreber, Anna - American Association of Wine Economists - AAWE - 2009

Persistent link: https://www.econbiz.de/10005014775