Reading Report 3
Please read Huber, Payne, and Puto (1982) and answer the following questions. Your answers should be concise and organized in bullet points, and explained in your own words that are understandable to someone who has not read the article. Please type up your answers, print out the report, and bring it to class. Preferred length is within 1 page, single spaced.
1. What are “asymmetrically dominated alternatives”? How should a decoy be constructed?
2. Provide your own example of a set of products with an asymmetrically dominated alternative.
3. Examine the experiment design closely, is there anything questionable?
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