Think of a number… any number?

David K. Whynes, Zoë Philips and Emma Frew ()

Health Economics, 2005, vol. 14, issue 11, 1191-1195

Abstract: An examination of the willingness to pay values elicited from more than 3000 persons involved in three independent studies revealed that the majority had offered one of a limited number of values from the ranges available to them. These values were ‘prominent numbers’, the use of which has been observed previously in circumstances where subjects feel that precise estimates of value are either difficult to make, or are not worth making. The existence of widespread prominence in response is suggestive of hypothetical bias in contingent valuation. Copyright © 2005 John Wiley & Sons, Ltd.

Date: 2005
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https://doi.org/10.1002/hec.1001

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Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:14:y:2005:i:11:p:1191-1195

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