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Measuring and Controlling for the Compromise Effect When Estimating Risk Preference Parameters

The compromise effect arises when being close to the “middle” of a choice set makes an option more appealing. The compromise effect poses conceptual and practical problems for economic research: by influencing choices, it can bias researchers’ inferences about preference parameters. To study this bi...

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Détails bibliographiques
Publié dans:Exp Econ
Auteurs principaux: Beauchamp, Jonathan P., Benjamin, Daniel J., Laibson, David I., Chabris, Christopher F.
Format: Artigo
Langue:Inglês
Publié: 2019
Sujets:
Accès en ligne:https://ncbi.nlm.nih.gov/pmc/articles/PMC7747750/
https://ncbi.nlm.nih.gov/pubmed/33343223
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1007/s10683-019-09640-z
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