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Centre for Decision Research and Experimental Economics (CeDEx), The University of Nottingham >
CeDEx Discussion Paper Series, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/49689
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Loomes, Graham | | en_US |
| dc.contributor.author | | Starmer, Chris | | en_US |
| dc.contributor.author | | Sugden, Robert | | en_US |
| dc.date.accessioned | | 2011-09-26T13:24:22Z | | - |
| dc.date.available | | 2011-09-26T13:24:22Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/49689 | | - |
| dc.description.abstract | | Previous studies suggest that two otherwise robust 'anomalies' - preference reversals and disparities between buying and selling valuations - are eroded when respondents participate in repeated markets. We report an experiment which investigates whether this is true when factors neglected in previous studies are controlled, and which distinguishes between anomalies revealed in the behaviour of individual market participants and anomalies revealed in market prices. Our results confirm the decay of buy/sell disparities, but not of preference reversal. This raises doubts about the hypothesis that, in general, repeated markets reveal anomaly-free preferences, even among the marginal traders who determine prices. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CEDEX Nottingham | | en_US |
| dc.relation.ispartofseries | | CeDEx discussion paper series 2009-24 | | en_US |
| dc.subject.jel | | C91 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | preference reversal | | en_US |
| dc.subject.keyword | | willingness to accept | | en_US |
| dc.subject.keyword | | willingness to pay | | en_US |
| dc.subject.keyword | | repeated market | | en_US |
| dc.subject.stw | | Sozialforschung | | en_US |
| dc.subject.stw | | Verhaltensökonomik | | en_US |
| dc.subject.stw | | Präferenztheorie | | en_US |
| dc.subject.stw | | Willingness to pay | | en_US |
| dc.subject.stw | | Test | | en_US |
| dc.title | | Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 615015913 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CeDEx Discussion Paper Series, The University of Nottingham
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