Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/55640 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Papers No. 10-5
Verlag: 
Federal Reserve Bank of Boston, Boston, MA
Zusammenfassung: 
This paper experimentally examines whether looking at other people´s pricing decisions is a type of heuristic - a decisionmaking rule - that people use even when it is not applicable, as in the case of clearly private value goods. We find evidence that this indeed is the case - an individual´s valuation of a purely subjective experience under full information, elicited using an incentive compatible mechanism, is highly influence by valuations made by others. This result can shed light on price behavior, price rigidities, and rents.
JEL: 
J64
E24
J11
Dokumentart: 
Working Paper

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