메뉴 건너뛰기




Volumn 66, Issue 3, 2009, Pages 229-262

An experimental investigation of the disparity between WTA and WTP for lotteries

Author keywords

Background risk; Contingent valuation; Lotteries; WTA WTP disparity

Indexed keywords

LEAD;

EID: 59449100529     PISSN: 00405833     EISSN: 15737187     Source Type: Journal    
DOI: 10.1007/s11238-007-9062-2     Document Type: Article
Times cited : (23)

References (43)
  • 4
    • 0020183162 scopus 로고
    • Regret in decision making under uncertainty
    • D.E. Bell 1982 Regret in decision making under uncertainty Operations Research 30 961 981
    • (1982) Operations Research , vol.30 , pp. 961-981
    • Bell, D.E.1
  • 5
    • 0036602039 scopus 로고    scopus 로고
    • A Context-dependent model of the gambling effect
    • H. Bleichrodt U. Schmidt 2002 A Context-dependent model of the gambling effect Management Science 48 802 812
    • (2002) Management Science , vol.48 , pp. 802-812
    • Bleichrodt, H.1    Schmidt, U.2
  • 6
    • 0031628815 scopus 로고    scopus 로고
    • Test of market outcomes with asymmetric valuations of gains and losses: Smaller gains, fewer trades, and less value
    • B.F. Borges J.L. Knetsch 1998 Test of market outcomes with asymmetric valuations of gains and losses: smaller gains, fewer trades, and less value Journal of Economic Behavior and Organization 33 185 193
    • (1998) Journal of Economic Behavior and Organization , vol.33 , pp. 185-193
    • Borges, B.F.1    Knetsch, J.L.2
  • 7
    • 0013036325 scopus 로고
    • Security level, potential level, expected utility: A three-criteria decision model under risk
    • M. Cohen 1992 Security level, potential level, expected utility: a three-criteria decision model under risk Theory and Decision 33 101 134
    • (1992) Theory and Decision , vol.33 , pp. 101-134
    • Cohen, M.1
  • 8
    • 0000200488 scopus 로고
    • The disparity between willingness to accept and willingness to pay measures of value
    • D.L. Coursey J.L. Hovis W.D. Schulze 1987 The disparity between willingness to accept and willingness to pay measures of value Quarterly Journal of Economics 102 679 690
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 679-690
    • Coursey, D.L.1    Hovis, J.L.2    Schulze, W.D.3
  • 11
    • 0005004445 scopus 로고
    • Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries
    • R. Eisenberger M. Weber 1995 Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries Journal of Risk and Uncertainty 10 223 233
    • (1995) Journal of Risk and Uncertainty , vol.10 , pp. 223-233
    • Eisenberger, R.1    Weber, M.2
  • 12
    • 0005832079 scopus 로고
    • A simple model for the utility of gambling
    • P.C. Fishburn 1980 A simple model for the utility of gambling Psychometrika 45 435 448
    • (1980) Psychometrika , vol.45 , pp. 435-448
    • Fishburn, P.C.1
  • 14
    • 44649198964 scopus 로고
    • More laboratory evidence on the disparity between willingness to pay and compensation demanded
    • D.W. Harless 1989 More laboratory evidence on the disparity between willingness to pay and compensation demanded Journal of Economic Behavior and Organization 11 359 379
    • (1989) Journal of Economic Behavior and Organization , vol.11 , pp. 359-379
    • Harless, D.W.1
  • 15
    • 38249020767 scopus 로고
    • Status quo bias in the measurement of value in service
    • R.S. Hartman M.J. Doane C.-K. Woo 1990 Status quo bias in the measurement of value in service Resources and Energy 12 197 214
    • (1990) Resources and Energy , vol.12 , pp. 197-214
    • Hartman, R.S.1    Doane, M.J.2    Woo, C.-K.3
  • 17
    • 0012946110 scopus 로고
    • Choice under risk and the security factor: An axiomatic model
    • J.Y. Jaffray 1988 Choice under risk and the security factor: an axiomatic model Theory and Decision 24 169 200
    • (1988) Theory and Decision , vol.24 , pp. 169-200
    • Jaffray, J.Y.1
  • 20
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • D. Kahneman A. Tversky 1979 Prospect theory: an analysis of decision under risk Econometrica 47 263 291
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 21
    • 0000615794 scopus 로고
    • The endowment effect and evidence of nonreversible indifference curves
    • J.L. Knetsch 1989 The endowment effect and evidence of nonreversible indifference curves American Economic Review 79 1277 1284
    • (1989) American Economic Review , vol.79 , pp. 1277-1284
    • Knetsch, J.L.1
  • 22
    • 38249020545 scopus 로고
    • Environmental policy implications of disparities between willingness to pay and compensation demanded measures of values
    • J.L. Knetsch 1990 Environmental policy implications of disparities between willingness to pay and compensation demanded measures of values Journal of Environmental Economics and Management 18 227 237
    • (1990) Journal of Environmental Economics and Management , vol.18 , pp. 227-237
    • Knetsch, J.L.1
  • 25
    • 0001385280 scopus 로고    scopus 로고
    • Environmental valuations and standard theory: Behavioral findings, context dependence and implications
    • Knetsch, J.L. (2000), Environmental valuations and standard theory: behavioral findings, context dependence and implications, International Yearbook of Environmental and Resource Economics 267-299.
    • (2000) International Yearbook of Environmental and Resource Economics , vol.267-299
    • Knetsch, J.L.1
  • 26
    • 0001584060 scopus 로고
    • Willingness to pay and compensation demanded: Experimental evidence of an unexpected disparity in measures of value
    • J.L. Knetsch J.A. Sinden 1984 Willingness to pay and compensation demanded: experimental evidence of an unexpected disparity in measures of value Quarterly Journal of Economics 99 507 521
    • (1984) Quarterly Journal of Economics , vol.99 , pp. 507-521
    • Knetsch, J.L.1    Sinden, J.A.2
  • 28
    • 0000923828 scopus 로고
    • Regret theory: An alternative theory of rational choice under uncertainty
    • G. Loomes R. Sugden 1982 Regret theory: an alternative theory of rational choice under uncertainty Economic Journal 92 805 824
    • (1982) Economic Journal , vol.92 , pp. 805-824
    • Loomes, G.1    Sugden, R.2
  • 30
    • 0000201885 scopus 로고
    • Reference points, loss aversion, and contingent values for auto safety
    • T.L. McDaniels 1992 Reference points, loss aversion, and contingent values for auto safety Journal of Risk and Uncertainty 5 187 200
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 187-200
    • McDaniels, T.L.1
  • 31
    • 0001885263 scopus 로고    scopus 로고
    • Willingness to pay and willingness to accept: Some evidence of an endowment effect
    • G. Morrison 1997 Willingness to pay and willingness to accept: some evidence of an endowment effect Applied Economics 29 411 417
    • (1997) Applied Economics , vol.29 , pp. 411-417
    • Morrison, G.1
  • 32
    • 0019072159 scopus 로고
    • Translation of gambles and aspiration level effects in risky choice behavior
    • J.W. Payne D.J. Laughhunn R. Crum 1980 Translation of gambles and aspiration level effects in risky choice behavior Management Science 26 1039 1060
    • (1980) Management Science , vol.26 , pp. 1039-1060
    • Payne, J.W.1    Laughhunn, D.J.2    Crum, R.3
  • 33
    • 0001150329 scopus 로고
    • Further tests of aspiration level effects in risky choice behavior
    • J.W. Payne D.J. Laughhunn R. Crum 1981 Further tests of aspiration level effects in risky choice behavior Management Science 27 953 958
    • (1981) Management Science , vol.27 , pp. 953-958
    • Payne, J.W.1    Laughhunn, D.J.2    Crum, R.3
  • 39
    • 0000630111 scopus 로고
    • Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice
    • R.H. Thaler E.J. Johnson 1990 Gambling with the house money and trying to break even: the effects of prior outcomes on risky choice Management Science 36 643 660
    • (1990) Management Science , vol.36 , pp. 643-660
    • Thaler, R.H.1    Johnson, E.J.2
  • 41
    • 0016264378 scopus 로고
    • Judgment under uncertainty: Heuristics and biases
    • A. Tversky D. Kahneman 1974 Judgment under uncertainty: heuristics and biases Science 185 1124 1131
    • (1974) Science , vol.185 , pp. 1124-1131
    • Tversky, A.1    Kahneman, D.2
  • 43
    • 0000939315 scopus 로고
    • Consumer surplus without apology
    • R.D. Willig 1976 Consumer surplus without apology Amercian Economic Review 66 589 597
    • (1976) Amercian Economic Review , vol.66 , pp. 589-597
    • Willig, R.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.