Tom Sawyer and the construction of value

Published

Scholarly Edition

This paper challenges the common assumption that economic agents know their tastes. After reviewing previous research showing that valuation of ordinary products and experiences can be manipulated by non-normative cues, we present three studies showing that in some cases people do not have a pre-existing sense of whether an experience is good or bad-even when they have experienced a sample of it. © 2005 Elsevier B.V. All rights reserved.

Full Text

Duke Authors

Cited Authors

  • Ariely, D; Loewenstein, G; Prelec, D

Published Date

  • May 1, 2006

Start / End Page

  • 1 - 10

Digital Object Identifier (DOI)

  • 10.1016/j.jebo.2004.10.003

Citation Source

  • Scopus