Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/55640 
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dc.contributor.authorAriely, Danen
dc.contributor.authorBracha, Anaten
dc.contributor.authorL'Huillier, Jean-Paulen
dc.date.accessioned2012-02-23T08:28:16Z-
dc.date.available2012-02-23T08:28:16Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/55640-
dc.description.abstractThis 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.en
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of Boston |cBoston, MAen
dc.relation.ispartofseries|aWorking Papers |x10-5en
dc.subject.jelJ64en
dc.subject.jelE24en
dc.subject.jelJ11en
dc.subject.ddc330en
dc.titlePublic and private values-
dc.typeWorking Paperen
dc.identifier.ppn635960397en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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