Setting up prices

Finally, you will need to enter the subjects' total budget, and the prices of the goods at each stage, or "page". We recommend that the price changes per page be fairly large, e.g. halved and doubled, on each page, in order to increase the power of the test. Of course, the greater the price changes, the more it will cost to run the experiment.

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When you have finished, you can proceed to the Instructions stage. At any stage, you can click "Clear Memory and Start Again" to clear all the values you have entered.

Back to Setting up a GARP experiment