"Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences
Top Cited Papers
- 1 February 2003
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 118 (1), 73-106
- https://doi.org/10.1162/00335530360535153
Abstract
In six experiments we show that initial valuations of familiar products and simple hedonic experiences are strongly influenced by arbitrary “anchors”Keywords
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