• Step 7 Step 8
  • Probit regression: Potatoes




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    Auction of a candy bar, a deck of cards, and a box of pens
    Step 4



    Step 6


    Pro-biotechnology








    Anti-biotechnology
    Step 5



    Binding practice round and binding nth prices are revealed

    Both Pro and Anti-biotechnology









    Pro–biotechnology and third-party information


    Anti–biotechnology and third-party information


    Both Pro and Anti–biotechnology and third-party information


    Step 7 Step 8



    First round of bidding on food products

    Second round of bidding on food products


    Step 9 Step 10


    Binding food round and binding nth prices are revealed



    Post-Auction Questionnaire, winning people purchase goods

    Figure 2: Labels used for the three food items




    Russet Potatoes
    Net weight 5 lb.


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