Does a promise script work to reduce the hypothetical bias? Evidence from an induced value experiment
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 maki...
Main Author: | Qin Botao |
---|---|
Format: | Article |
Language: | English |
Published: |
De Gruyter
2020-12-01
|
Series: | Economics: Journal Articles |
Subjects: | |
Online Access: | https://doi.org/10.5018/economics-ejournal.ja.2020-11 |
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