“…This has the advantage that valuations within and across domains (such as food, pain, people, and experiences) can be compared on the linear scale of a given currency. Auction paradigms are widely used to quantify WTP in neuroeconomics research; the most well‐established of these being the Becker‐DeGroot‐Marschak (BDM) auction (Becker et al, 1964 ; Peters & Buchel, 2010 ; Plassmann et al, 2007 ; Roberts et al, 2018 , 2022 ; Tyson‐Carr et al, 2018 , 2020 ). Further, several multinational auction websites utilize a format that is strategically equivalent to the BDM: the Vickrey auction (VA) (Barrot et al, 2010 ).…”