Date: 2012-03-28 14:17:32

Financial economics

Decision theory

Willingness to pay

Anchoring

Willingness to accept

Valuation

Dan Ariely

Choice

Framing

Economics

Microeconomics

Business economics

“COHERENT ARBITRARINESS”: STABLE DEMAND CURVES WITHOUT STABLE PREFERENCES* DAN ARIELY GEORGE LOEWENSTEIN DRAZEN PRELEC In six experiments we show that initial valuations of familiar products and

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