4 ms·
Page 638 of the PDF has a footnote that says: "We chose $102 because our pilot data correctly suggested that there would be a point mass of WTAs at $100 and th
by frabcus 6y ago
Page 638 of the PDF has a footnote that says:
"We chose $102 because our pilot data correctly suggested that there would be a point mass of WTAs at $100
and that it would maximize statistical power per dollar of cost to set an offer price just high enough to induce those
participants to deactivate. We chose $170 as the top of the uniform distribution because it was the maximum that we
could pay participants without requiring tax-related paperwork."
(The $170 refers to a small percentage of their sample which they offered a random amount between $0 and $170 to, presumably to check there were no odd effects from the exact amount.
WTA means "willingness-to-accept")