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

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Panel C. Mass to the Right, Low Support #1 #1 #1 #8 #12 #12 Distributions Compared Notes: See the notes of Panel A. #4 #8 #12 #4 #4 #8 60 all subjects p-value for test of means basic instructions detailed instructions 0.1772 0.1016 0.4645 0.0800* 0.0620* 0.3056 0.1701 0.0474** 0.5992 0.6620 0.5762 0.6526 0.4897 0.6215 0.3729 0.3200 0.5486 0.2262
#2 #2 #2 Panel D. Mass to the Right, High Support #10 #14 #14 Distributions Compared Notes: See the notes of Panel A. #6 #10 #14 #6 #6 #10 61 all subjects p-value for test of means basic instructions detailed instructions 0.1673 0.2010 0.2915 0.4590 0.3676 0.5917 0.3250 0.2055 0.6014 0.2063 0.3140 0.2345 0.3112 0.4949 0.2234 0.6302 0.6809 0.4940
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Testing Distributional Dependence i
Page 3 and 4:
compatibility and relative ease of
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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 and 46: Figure 4. WTP Elicitations by Round
Page 47 and 48: Figure 6. Measured Risk Attitude an
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: Panel B. Mass to the Left, High Sup
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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