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How to deal with inconsistent choices on multiple price lists

机译:如何处理多个价目表上不一致的选择

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摘要

Economic experiments are often based on the claim that some heterogeneous behavioural trait affects response to treatment. This trait is measured in another part of the experiment, using a multiple price list. Frequently, choices on such a list are not perfectly consistent.In this paper we argue that this inconsistency is a resource. It informs the researcher about the precision with which the trait is measured. Precision can be estimated with a measurement error model.With data from an experiment that studies the relation between risk aversion and punishment we illustrate the approach, and show that it matters. (C) 2019 Elsevier B.V. All rights reserved.
机译:经济实验通常基于这样的说法,即某些异质行为特征会影响对治疗的反应。此特性是在实验的另一部分中使用多个价格表进行衡量的。通常,此类列表中的选择并不完全一致。在本文中,我们认为这种不一致是一种资源。它告知研究人员特征测量的精度。可以使用测量误差模型来估算精度。通过研究风险规避与惩罚之间关系的实验数据,我们可以说明这种方法,并表明它很重要。 (C)2019 Elsevier B.V.保留所有权利。

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