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Option Value Neglect: Evidence from Centralized College Admission

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NBER2025-04-01 更新2025-04-26 收录
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https://www.nber.org/papers/w33704
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Sequential choices are ubiquitous in daily life, yet making optimal decisions in such settingswhere properly accounting for option value is crucialcan be challenging. This paper provides field experimental evidence on the neglect of option value in high-stakes decisions and quantifies the associated
创建时间:
2025-04-01
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