Does market experience eliminate market anomalies?
Subtitle: the case of exogenous market experience
By: John A. List
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16908; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16908.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience.  One potential shortcoming of this literature is that market experience is endogenous.  This study presents a framed field experiment that exogenously induces market experience.  Empirical findings support the premise that market experience, alone, can eliminate an important market anomaly"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/9/2011.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.