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Inducing Incentives to Understate and to Overstate Willingness to Pay within the Open-Ended and the Dichotomous-Choice Elicitation Formats: An Experimental Study

Behavioral Decision MakingChoice ModelBiasManagementExperimental EconomicsDichotomous-choice Elicitation FormatsDecision TheoryMechanism DesignConsumer ChoiceEconomicsBehavioral SciencesBehavioral EconomicsIncentive MechanismBusinessExperimental StudyIncentive-centered DesignOverstate WillingnessDecision ScienceIncentive Model