embedding effect
The inconsistency in the value of a specific public good by using a contingent…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.
Meaning
1 sensesThe 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.
Forms
plural: embedding effects| Singular | embedding effect |
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| Plural | embedding effects |
regular