embedding effect
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English[edit]
Noun[edit]
embedding effect (plural embedding effects)
- (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]
- embedding effect on Wikipedia.Wikipedia