Harvard College / Massachusetts Institute of Technology / STABLE DEMAND CURVES WITHOUT STABLE PREFERENCES* DAN ARIELY GEORGE LOEWENSTEIN DRAZEN PRELEC In / Carnegie Mellon University / /
IndustryTerm
specic products / average retail price / random device / ordinary products / consumer products / /
Organization
Carnegie Mellon University / School of Management / Massachusetts Institute of Technology / National Science Foundation / United Nations / Center for Advanced Study / Harvard College / /
Person
Colin Camerer / James Bettman / Johnson / GEORGE LOEWENSTEIN DRAZEN PRELEC / Birger Wernerfelt / John Lynch / Chapman / Shane Frederick / /
Position
President / /
ProvinceOrState
Massachusetts / /
PublishedMedium
QUARTERLY JOURNAL OF ECONOMICS / The Quarterly Journal of 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