embedding effect

Fetched 2026-10-26 (cache).

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Noun

1. {{lb|en|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.

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