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Eliciting Informed Preferences

Modibo K. Camara, Nicole Immorlica and Brendan Lucier

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Abstract: If people find it costly to evaluate the options available to them, their choices may not directly reveal their preferences. Yet, it is conceivable that a researcher can still learn about a population's preferences with careful experiment design. We formalize the researcher's problem in a model of robust mechanism design where it is costly for individuals to learn about how much they value a product. We characterize the statistics that the researcher can identify, and find that they are quite restricted. Finally, we apply our positive results to social choice and propose a way to combat uninformed voting.

Date: 2025-05
New Economics Papers: this item is included in nep-dcm, nep-des and nep-mic
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