Add to ORKGThe preference reversal phenomenon was believed to be inconsistent with the transitivity axiom of decision theory. However, recent papers have demonstrated that previously observed preference reversals could be explained by subject violations of the independence axiom or the compound lottery axiom. The present paper reports the results of experiments in which a substantial proportion of subject responses violate the asymmetry axiom. These results are inconsistent with expected utility theory and its generalizations
Experimental economists have discovered various violations of expected utility theory and offered al...
This paper addresses the apparent conflict between the results of experiments on individual choice a...
When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference r...
The preference reversal phenomenon was believed to be inconsistent with the transitivity axiom of de...
In his article Dynamic Consistency and Non-Expected Utility Models of Choice Under Uncertainty, (J...
The paper shows that: (1) The preference reversal phenomenon is consistent with transitive preferenc...
A body of data and theory has been developing within psychology which should be of interest to eco...
We investigate the implications of Salience Theory for the classical preference reversal phenomenon,...
Preference reversals are frequently observed in the lab, but almost all designs use completely trans...
A large literature has documented violations of expected utility consistent with a preference for ce...
The classic preference reversal phenomenon arises in a comparison between a choice and a matching ta...
This paper sheds new light on the preference reversal phenomenon by analyzing decision times in the ...
We present a new experimental investigation of preference reversal. Although economists and psycholo...
This paper introduces the axiom of Negative Dominance, stating that if a lottery f is strictly prefe...
Many individuals’ choices and valuations involve a degree of uncertainty/imprecision. This paper rep...
Experimental economists have discovered various violations of expected utility theory and offered al...
This paper addresses the apparent conflict between the results of experiments on individual choice a...
When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference r...
The preference reversal phenomenon was believed to be inconsistent with the transitivity axiom of de...
In his article Dynamic Consistency and Non-Expected Utility Models of Choice Under Uncertainty, (J...
The paper shows that: (1) The preference reversal phenomenon is consistent with transitive preferenc...
A body of data and theory has been developing within psychology which should be of interest to eco...
We investigate the implications of Salience Theory for the classical preference reversal phenomenon,...
Preference reversals are frequently observed in the lab, but almost all designs use completely trans...
A large literature has documented violations of expected utility consistent with a preference for ce...
The classic preference reversal phenomenon arises in a comparison between a choice and a matching ta...
This paper sheds new light on the preference reversal phenomenon by analyzing decision times in the ...
We present a new experimental investigation of preference reversal. Although economists and psycholo...
This paper introduces the axiom of Negative Dominance, stating that if a lottery f is strictly prefe...
Many individuals’ choices and valuations involve a degree of uncertainty/imprecision. This paper rep...
Experimental economists have discovered various violations of expected utility theory and offered al...
This paper addresses the apparent conflict between the results of experiments on individual choice a...
When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference r...