- Tytuł:
- Hypothetical bias and framing effect in the valuation of private consumer goods
- Autorzy:
- Brzozowicz, Magdalena
- Powiązania:
- https://bibliotekanauki.pl/articles/1356848.pdf
- Data publikacji:
- 2019-10-13
- Wydawca:
- Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
- Tematy:
-
framing effect
hypothetical bias
laboratory experiment - Opis:
- In a laboratory experiment, I examined two behavioural effects: hypothetical bias and the framing effect. I elicited willingness to pay (WTP) for a cosmetic product, and manipulated framing conditions (positive vs. negative attribute framing) and incentives to reveal the actual valuation (hypothetical vs. real). I demonstrated that hypothetical bias has a significant impact on WTP values; however, the framing effect has no effect on the valuation of the product. Similarly, I found no interaction between the two effects. This observation contributes to claims that hypothetical research methods lead to equally reliable data as those based on consequential choices.
- Źródło:
-
Central European Economic Journal; 2018, 5, 52; 260 - 269
2543-6821 - Pojawia się w:
- Central European Economic Journal
- Dostawca treści:
- Biblioteka Nauki
Artykuł