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Exerting effort for non-instrumental information under risk. [PDF]

open access: yesSci Rep
Fan H   +6 more
europepmc   +1 more source
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Incomplete preferences, willingness to pay, and willingness to accept

Economic Theory, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chambers, Robert G.   +2 more
openaire   +1 more source

IoT Marketplace: Willingness-To-Pay vs. Willingness-To-Accept

SSRN Electronic Journal, 2021
Willingness-To-Pay (WTP) is the most a person is willing to pay for a good or service. Conversely, Willingness-To-Accept (WTA) is the minimum amount a person is willing to accept for giving up a good or service. People often attribute a higher value for privacy in the WTA condition when compared to the WTP condition.
Shakthidhar Gopavaram   +3 more
openaire   +1 more source

Willingness to Accept, Willingness to Pay, and Loss Aversion

SSRN Electronic Journal, 2023
We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We replicate the standard finding of an endowment effect–the divergence between Willingness to Accept (WTA) and Willingness to Pay (WTP), but document three new findings.
Chapman, Jonathan   +4 more
openaire   +2 more sources

Framing Influences Willingness to Pay but Not Willingness to Accept

Journal of Marketing Research, 2013
The authors show, with real and hypothetical payoffs, that consumers are willing to pay substantially less for a risky prospect when it is called a “lottery ticket,” “raffle,” “coin flip,” or “gamble” than when it is labeled a “gift certificate” or “voucher.” Willingness to accept, in contrast, is not affected by these frames.
Yang, Yang   +2 more
openaire   +1 more source

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