Testing Distributional Dependence in the Becker-DeGroot-Marschak ...

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correlation of WTP and mean of each round's distribution basic <strong>in</strong>structions detailed <strong>in</strong>structions 1 Figure 5. Correlation of Subject Reports of WTP to Median and Mean of Distributions, by Type of Instructions 0 -1 0 1 -1 correlation of WTP and median of each round's distribution 46
Figure 6. Measured Risk Attitude and Average WTP by Instruction Version 47
Page 1 and 2: Testing Distributional Dependence i
Page 3 and 4: compatibility and relative ease of
Page 5 and 6: willing to accept (WTA) to sell the
Page 7 and 8: Hypothesis 3 (Comprehension): More
Page 9 and 10: effect of varying distributions (ap
Page 11 and 12: high-support distributions with mas
Page 13 and 14: esponses was recorded, so the infor
Page 15 and 16: different distribution—identical
Page 17 and 18: Since some of the subjects returned
Page 19 and 20: zero by instruction type, and it al
Page 21 and 22: Table 8 holds the support and the a
Page 23 and 24: The evidence presented in Figure 3,
Page 25 and 26: undesirably high prices when faced
Page 27 and 28: went dow[n] because i expected it t
Page 29 and 30: 5 Discussion As seen in Sections 4.
Page 31 and 32: maximum monetary compensation—reg
Page 33 and 34: test statistic of 0.6495 (with a co
Page 35 and 36: actual valuations for the item rema
Page 37 and 38: If the range or other attributes of
Page 39 and 40: 7 References Batemen, Ian J., Richa
Page 41 and 42: Mazar, Nina, Botond Kőszegi, and D
Page 43 and 44: Panel B. Round 2 WTP (Half of the s
Page 45: Figure 4. WTP Elicitations by Round
Page 49 and 50: variance of first elicitations over
Page 51 and 52: Table 1. Summary of the Distributio
Page 53 and 54: Table 3. Summary of Categorical Sur
Page 55 and 56: Table 5. Number of Subjects with Si
Page 57 and 58: Table 7. Pairwise Distributional Te
Page 59 and 60: Panel B. Mass to the Left, High Sup
Page 61 and 62: #2 #2 #2 Panel D. Mass to the Right
Page 63 and 64: Appendix A Screenshots of the Exper
Page 65 and 66: [Second page of the instructions. T
Page 67 and 68: Figure A.3. Screenshot of the Holt-
Page 69 and 70: Survey Questions 1. What is your fi
Page 82 and 83: Appendix C Subject responses to the

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