Jump to content

embedding effect

From Wiktionary, the free dictionary

English

[edit]

Noun

[edit]

embedding effect (plural embedding effects)

  1. (economics) The inconsistency in the value of a specific public good by using a contingent valuation or willingness-to-pay method due to the difficulty for individuals to identify the particular value that they attach to one particular thing which is embedded in a collection of similar things; these resulting problems are called the part-whole bias and sequencing and nesting.

Further reading

[edit]
Retrieved from "https://en.wiktionary.org/w/index.php?title=embedding_effect&oldid=79237872"