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Controlling for the Compromise Effect Debiases Estimates of Risk Preference Parameters

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NBER2015-12-01 更新2025-01-04 收录
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The compromise effect arises when options near the "middle" of a choice set are more appealing. The compromise effect poses conceptual and practical problems for economic research: by influencing choices, it distorts revealed preferences, biasing researchers' inferences about deep (i.e., domain

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2015-12-01
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