Payoff dominance vs. cognitive transparency in decision making.

This paper reports on three laboratory experiments designed to investigate the roles of decision costs and rewards on the accuracy of economic decisions. The experimental vehicle is a purchase decision employing the Becker-DeGroot-Marshak (BDM) mechanism. The first experiment verifies the incentiv...

Descripción completa

Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 36; no. 2; pp. 272 - 286
Autores principales:	Irwin, Julie R., McClelland, Gary H., McKee, Michael
Formato:	Artículo
Publicado:	Wiley-Blackwell April 1998
Materias:	Contingent valuation Factorial experiment designs Information theory in economics Economic decision making
Acceso en línea:	Ver este registro en EBSCOhost