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Welcome and thank you for participating in the experiment. In this experiment, we will ask you some questions to analyse your purchasing behaviour in relation to different goods.

These goods include:

  1. A two-night hotel room reservation for two people
  2. A newly established flight to a European destination
  3. An organized tour in a European capital
  4. A concert of an international star
  5. The final Champions League football match
  6. A one-star Michelin dinner reservation for one person

Although the goods are quite different from each other, they share some common characteristics. Importantly, they have limited capacity, an expiration date, and consumers place their reservation at different points in time. In order to maximize profits, many sellers adjust their prices dynamically over time while taking into account the consumers' reservations and their remaining capacity.

The experiment is structured in three main parts. In the first part, we provide a description of the goods involved and we solicit your willingness to pay for these goods. In the second part, you are asked to answer some questions regarding your preferences and your profile. Finally, in the third part, we simulate purchasing behaviour. Assuming you have decided to monitor the prices for a duration of 10 days, we show you a series of observed prices for several products upon which you need to make a decision: either to purchase the good or not to buy it at all (and stop monitoring the price movements). Please note that each possible purchase is independent from the others.

The experiment’s duration is around 12 minutes.

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