Preference reversals and the measurement of environmental values
نویسندگان
چکیده
منابع مشابه
Preference Reversals Under Ambiguity
Preference reversals have been widely studied using risky or riskless gambles. However, little is known about preference reversals under ambiguity. We asked subjects to make a binary choice between ambiguous P-bets and ambiguous $-bets and elicited their willingness to accept. Subjects then performed the same two tasks with risky bets, where the probability of winning for a given risky bet is t...
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Preference reversals occur when different (but formally equivalent) elicitation methods reveal conflicting preferences over two alternatives. This paper shows that when people have fuzzy preferences i.e. when they choose in a probabilistic manner, their observed decisions can generate systematic preference reversals. A simple model of probabilistic choice and valuation can account for a higher ...
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cement is an essential ingredient in the concrete buildings. for production of cement considerable amount of fossil fuel and electrical energy is consumed. on the other hand for generating one tone of portland cement, nearly one ton of carbon dioxide is released. it shows that 7 percent of the total released carbon dioxide in the world relates to the cement industry. considering ecological issu...
Levi’s Account of Preference Reversals
This paper argues that Levi’s account of preference reversals is only a limited success. Levisucceeds in showing that an agent acting in accord with his theory may exhibit reversals.Nevertheless, the specific account that Levi presents in order to accommodate the behaviorof experimental subjects appears to be disconfirmed by available evidence. BIOGRAPHICAL NOTEErik Angner i...
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We investigated cognitive processes under preference reversals between "Separate Evaluation (SE)," wherein each multiattribute choice alternative is evaluated in isolation, and "Joint Evaluation (JE)," wherein choice alternatives are evaluated simultaneously. Previous account for this phenomenon hypothesized that decision makers pay attention to specific features of choice alternatives dependin...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 1993
ISSN: 0895-5646,1573-0476
DOI: 10.1007/bf01065347