Testing Explanations of Preference Reversal
نویسندگان
چکیده
منابع مشابه
Testing Explanations of Preference Reversal*
We present a new experimental investigation of preference reversal. Although economists and psychologists have suggested a variety of accounts for this phenomenon, the existing data do not adequately discriminate between them. Relative to previous studies, our design offers enhanced control for economic explanations and new tests of psychological hypotheses. We find a pattern of preference reve...
متن کاملTesting Explanations of Preference Reversal: A Note
When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference reversal, they pointed out that their test results cannot be explained by any of the best-known explanations proposed by economists and psychologists. In this paper we propose a model based on lotteries qualities to explain these new test results. JEL classification: D80.
متن کاملTesting Explanations of Preference Reversal: a Model
When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference reversal, they pointed out that their test results cannot be explained by any of the best-known explanations proposed by economists and psychologists. In this paper we propose a model based on lotteries qualities to explain these new test results.
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Phantom decoys are alternatives that asymmetrically dominate a targeted alternative and yet lead to increased selection of the target when the decoy is declared to be unavailable. This effect is difficult to explain within most standard theoretical accounts of decoy effects. The current experiments tested between three explanations of this effect: (1) the relative advantage model based on loss ...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2004
ISSN: 0013-0133,1468-0297
DOI: 10.1111/j.1468-0297.2004.00238.x