An experimental dataset from a health market auction study investigates the financial valuation of pain. The data likely contains measurements of pain intensity, disposable income, and bidding behavior. The study was authored by Ivo Vlaev of University College London.
Use Cases
- Modeling habit formation in economic preferences based on the experimental auction framework.
- Analyzing the influence of recent pain intensity on market prices for analgesics.
- Studying the impact of disposable income versus wealth on health market valuations.
- Testing the stability of valuation metrics for pain relief in dynamic market contexts.
Strengths
- Data originates from a controlled auction-based health market experiment.
- Study provides a basis for habit formation models in economic theory.
Limitations
- Column-level documentation is absent; field semantics must be inferred after download.
- Row count is unknown, which may limit suitability assessment.
- License is closed, restricting reuse and distribution.
Provenance
- Source
- University College London
- Collection Method
- Auction-based health market experiment