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How to implement an IACBC (Gensler et al. 2012)?

Hey everybody,
we found a paper by Gensler et al. 2012 (https://doi.org/10.1016/j.ejor.2012.01.002) which offers an adaptive way to measure individual willingness to pay. After getting very non robust results using an ACBC (heavily relying on the threshold of the none value) we would like to implement this approach. Has anybody done this so far and can give technical assistance? :-)
Thanks,
FS27
asked Nov 8, 2021 by FS27 (150 points)

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