embedding effect

English

Noun

embedding effect (plural embedding effects)

1. (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

• embedding effect on Wikipedia.Wikipedia