Stachtiaris, Spiros and Drichoutis, Andreas and Nayga, Rodolfo and Klonaris, Stathis (2011): Can religious priming induce truthful preference revelation?
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Abstract
We examine whether religious priming can induce more truthful preference revelation in valuation research. Using induced value second price Vickrey auctions in both hypothetical and non-hypothetical contexts, our results suggest that religious priming can indeed induce more truthful bidding and eliminate hypothetical bias in hypothetical contexts. In non-hypothetical contexts where there are real economic incentives, religious priming induces similar truthful bidding as the absence of religious priming, implying that the use of real economic incentives is sufficient in producing truthful valuations. Our findings have significant implications for the use of religious priming in stated preference or contingent valuation studies.
Item Type: | MPRA Paper |
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Original Title: | Can religious priming induce truthful preference revelation? |
Language: | English |
Keywords: | willingness-to-pay (WTP), Vickrey auction, hypothetical bias, religious priming |
Subjects: | D - Microeconomics > D1 - Household Behavior and Family Economics > D12 - Consumer Economics: Empirical Analysis C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C90 - General C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C91 - Laboratory, Individual Behavior |
Item ID: | 34433 |
Depositing User: | Andreas Drichoutis |
Date Deposited: | 01 Nov 2011 19:09 |
Last Modified: | 01 Oct 2019 04:44 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/34433 |