Eliciting the just-noticeable difference
The evidence from psychophysics suggest that people are unable to discriminate between alternatives unless the options are significantly different. Since this assumption implies non-transitive indifferences, it can not be reconciled with utility maximisation. We provide a method of eliciting consume...
| প্রধান লেখক: | |
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| বিন্যাস: | Working paper |
| প্রকাশিত: |
University of Oxford
2016
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