How Can Behavioral Economics Inform Non-Market Valuation? An Example from the Preference Reversal Literature
---- Acknowledgments ----
Alevy, Assistant Professor of Economics, University of Alaska Anchorage; List, Professor of Economics, University of Chicago and NBER; Adamowicz, Professor of Economics, University of Alberta. Thanks to Ian Bateman, Daniel Kahneman, Glenn Harrison, Liesl Koch, and Robert Sugden for helpful comments. Seminar participants at several universities and conferences also provided useful feedback. Any errors or omissions remain our responsibility The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.