Hypothetical bias and framing effect in the valuation of private consumer goods
Publié en ligne: 13 oct. 2019
Pages: 260 - 269
© 2018 M. Brzozowicz, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
Descriptive statistics (monetary values in PLN)
| HypoN | HypoP | RealN | RealP |
---|
n | 42 | 38 | 44 | 43 |
Mean | 31.19 | 35.11 | 17.30 | 19.56 |
Median | 30 | 35 | 15 | 15 |
Standard deviation | 13.95 | 15.47 | 13.44 | 15.77 |
Regression table: WTP values
| Mlb/z | M2b/z | M3b/z | M4b/z |
---|
hypothetical | 11.197*** (4.970) | 11.923*** (4.033) | 13.547*** (4.906) | 12.341*** (6.022) |
framing_pos | 2.594 (1.189) | 3.320 (1.144) | 2.857 (1.033) | |
information_e | 11.539*** (5.254) | 11.649*** (5.243) | 9.653*** (4.447) | 9.462*** (4.422) |
needs_e | 2.423 (1.044) | 2.412 (1.036) | | |
finance_e | 3.480 (1.411) | 3.463 (1.399) | | |
using_mascara | 4.395 (1.283) | 4.299 (1.248) | | |
price_30–50 | 6.167** (2.529) | 6.171** (2.523) | 5.792** (2.546) | 5.826** (2.569) |
price>50 | 9.371*** (2.797) | 9.450*** (2.807) | 8.426*** (2.752) | 8.851*** (2.944) |
cosm_expenses | 5.714** (2.309) | 5.662** (2.278) | 5.705** (2.431) | 5.569** (2.388) |
the_same_masc | -3.358 (-1.401) | -3.469 (-1.432) | | |
self_assessment | -2.304 (-0.941) | -2.242 (-0.911) | | |
relationship | 4.397** (2.007) | 4.282* (1.931) | | |
finaneial_syt | -0.793 (-0.359) | -0.871 (-0.391) | | |
age | -1.083 (-0.869) | -1.080 (-0.863) | | |
hypoXfram_pos | | -1.650 (-0.381) | -2.481 (-0.608) | |
design_e | | | -5.826** (-2.390) | -5.902** (-2.434) |
constant | 24.056 (0.924) | 23.760 (0.909) | 8.486*** (3.329) | 9.951*** (4.732) |
N | 154 | 154 | 160 | 160 |
R-sgr | 0.4604 | 0.4610 | 0.4401 | 0.4361 |
F | 8.47 | 7.87 | 14.83 | 19.72 |
Prok>F | 0.0000 | 0.0000 | 0.0000 | 0.0000 |