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dc.contributor.authorAriely, Danen_US
dc.contributor.authorBracha, Anaten_US
dc.contributor.authorL'Huillier, Jean-Paulen_US
dc.date.accessioned2012-02-23T08:28:16Z-
dc.date.available2012-02-23T08:28:16Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/55640-
dc.description.abstractThis paper experimentally examines whether looking at other peopleĀ“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 individualĀ“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.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, MAen_US
dc.relation.ispartofseriesWorking paper series // Federal Reserve Bank of Boston 10-5en_US
dc.subject.jelJ64en_US
dc.subject.jelE24en_US
dc.subject.jelJ11en_US
dc.subject.ddc330en_US
dc.titlePublic and private valuesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635960397en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, Federal Reserve Bank of Boston

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