Prince: An Improved Method for Measuring Incentivized Preferences

Published: Jan 1, 2014
Abstract
This paper introduces the Prince incentive system for measuring preferences. Prince clarifies consequences of decisions and incentive compatibility of experimental choice questions to subjects. It combines the efficiency and precision of matching with the improved clarity and validity of choice questions. It helps distinguish between (a) genuine deviations from classical economic theories (such as the endowment effect) and (b) preference...
Paper Details
Title
Prince: An Improved Method for Measuring Incentivized Preferences
Published Date
Jan 1, 2014
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