Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/197994 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Economics Discussion Papers No. 2019-38
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and making a truth-telling promise can reduce the hypothetical bias. 2) All treatments are demand-revealing except for the hypothetical baseline.
Subjects: 
hypothetical bias
oath
random nth-price auction
induced value experiment
JEL: 
C90
D44
Q51
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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