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This is an economics-derived task that broadly measures willingness to pay (WTP). Implementations generally involve the participant formulating a bid, and comparing the bid to a randomly generated price. If bid > price, the participant pays the price and receives the item. If bid
Definition contributed by VSochat about two years ago

Progenitor of: cue approach task
Becker-Degroot-Marschak (BDM) procedure has been asserted to measure the following CONCEPTS
as measured by the contrast:
  • Please add a contrast




DISORDERS associated with Becker-Degroot-Marschak (BDM) procedure
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IMPLEMENTATIONS of Becker-Degroot-Marschak (BDM) procedure
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EXTERNAL DATASETS for Becker-Degroot-Marschak (BDM) procedure
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CONDITIONS
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Experimental conditions are the subsets of an experiment that define the relevant experimental manipulation.

CONTRASTS
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In the Cognitive Atlas, we define a contrast as any function over experimental conditions. The simplest contrast is the indicator value for a specific condition; more complex contrasts include linear or nonlinear functions of the indicator across different experimental conditions.

INDICATORS
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An indicator is a specific quantitative or qualitative variable that is recorded for analysis. These may include behavioral variables (such as response time, accuracy, or other measures of performance) or physiological variables (including genetics, psychophysiology, or brain imaging data).


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Term History

REVISION 2

Definition contributed by VSochat about two years ago:This is an economics-derived task that broadly measures willingness to pay (WTP). Implementations generally involve the participant formulating a bid, and comparing the bid to a randomly generated price. If bid > price, the participant pays the price and receives the item. If bid

REVISION 1

Definition contributed by VSochat about two years ago:This is an economics-derived task that broadly measures willingness to pay (WTP). Implementations generally involve the participant formulating a bid, and comparing the bid to a randomly generated price. If bid > price, the participant pays the price and receives the item. If bid

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