Pricing risk and ambiguity: the effect of perspective taking
There is a large literature showing that willingness-to-accept (WTA) is usually much higher than willingness-to-pay (WTP) in empirical studies although they should be roughly equal according to traditional economic theory. A second stream of literature shows that people are typically ambiguity avers...
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| Main Authors: | , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Kiel
Kiel Inst. for the World Economy
2011
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| Series: | Kiel working paper
1727 |
| In: |
Kiel working paper (1727)
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| Subjects: | |
| Online Access: | Verlag, Volltext: http://www.ifw-members.ifw-kiel.de//reference_catalog/lookupObject?uuid=44246d62e6b91f4a51419fbf83c94c68 Verlag, Volltext: http://www.ifw-members.ifw-kiel.de/publications/pricing-risk-and-ambiguity-the-effect-of-perspective-taking/kwp_1727 Download aus dem Internet, Stand: 02.09.2011, Volltext: http://hdl.handle.net/10419/49380 
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| Author Notes: | by Stefan T. Trautmann, and Ulrich Schmidt |
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