Framing effects on bidding behavior in experimental first-price sealed-bid money auctions

Consumers often face prices that are the sum of two components, for example, an online purchase that includes a stated price and shipping costs. In such cases consumer behavior may be influenced by framing, i.e., how the components are bifurcated. Previous studies have demonstrated the effects of fr...

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Bibliographic Details
Main Authors: Justin S. Skillman, Michael J. Vernarelli
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2016-07-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/13/13807/jdm13807.pdf