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- W3123910566 abstract "This paper pits neoclassical theory against prospect theory by investigating several clean tests of the competing hypotheses. Consistent with previous work, the field experimental data suggest that prospect theory adequately organizes behavior among inexperienced consumers, whereas consumers with intense market experience behave largely in accordance with neoclassical predictions. The data indicate that the convergence in values occurs entirely because of lower Hicksian equivalent surplus values." @default.
- W3123910566 created "2021-02-01" @default.
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- W3123910566 date "2006-01-01" @default.
- W3123910566 modified "2023-09-27" @default.
- W3123910566 title "Using hicksian surplus measures to examine consistency of individual preferences: Evidence from a field experiment" @default.
- W3123910566 hasPublicationYear "2006" @default.
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