Debiasing or regularisation? Two interpretations of the concept of 'true preference' in behavioural economics
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I reconsider Bleichrodt, Pinto Prades and Wakker's (BPW) 2001 paper about eliciting utility measures from stated preference surveys. That paper pioneers a method that is now widely used in behavioural economics to correct individuals' 'biases' and to recover t... ...
