Can religious priming induce truthful preference revelation?

Spiros Stachtiaris, Andreas Drichoutis, Rodolfo Nayga and Stathis Klonaris ()

MPRA Paper from University Library of Munich, Germany

Abstract: We examine whether religious priming can induce more truthful preference revelation in valuation research. Using induced value second price Vickrey auctions in both hypothetical and non-hypothetical contexts, our results suggest that religious priming can indeed induce more truthful bidding and eliminate hypothetical bias in hypothetical contexts. In non-hypothetical contexts where there are real economic incentives, religious priming induces similar truthful bidding as the absence of religious priming, implying that the use of real economic incentives is sufficient in producing truthful valuations. Our findings have significant implications for the use of religious priming in stated preference or contingent valuation studies.

Keywords: willingness-to-pay (WTP); Vickrey auction; hypothetical bias; religious priming (search for similar items in EconPapers)
JEL-codes: C90 C91 D12 (search for similar items in EconPapers)
Date: 2011-11-01
New Economics Papers: this item is included in nep-cbe and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34433

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