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. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in …This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation … a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2 …
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. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in …This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation … a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2 …
Persistent link: https://www.econbiz.de/10012015708
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Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010252034