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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Dokumenttyp: | Buch/Monographie Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Kiel
2011
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| Schriftenreihe: | Kieler Arbeitspapiere
1727 |
| In: |
Kieler Arbeitspapiere (1727)
|
| Online-Zugang: | Verlag: http://www.ifw-members.ifw-kiel.de/publications/pricing-risk-and-ambiguity-the-effect-of-perspective-taking
|
| Verfasserangaben: | Stefan T. Trautmann, Ulrich Schmidt |
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Pricing risk and ambiguity: the effect of perspective taking
Buch/Monographie
Arbeitspapier
Online Resource