OBSERVING VIOLATIONS OF TRANSITIVITY BY EXPERIMENTAL METHODS

被引:141
作者
LOOMES, G [1 ]
STARMER, C [1 ]
SUGDEN, R [1 ]
机构
[1] UNIV E ANGLIA,SCH ECON & SOCIAL STUDIES,NORWICH NR4 7TJ,NORFOLK,ENGLAND
关键词
DECISION THEORY; EXPERIMENTS; PREFERENCE REVERSAL; REGRET THEORY; TRANSITIVITY; UNCERTAINTY;
D O I
10.2307/2938263
中图分类号
F [经济];
学科分类号
02 ;
摘要
The preference reversal phenomenon is usually interpreted as evidence of nontransitivity of preference, but has also been explained as the result of: the difference between individuals' responses to choice and valuation problems; the devices used by experimenters to elicit valuations; and the "random lottery selection" incentive system. This paper reports an experiment designed so that none of these factors could generate systematic nontransitivities; yet systematic violations of transitivity were still found. The pattern of violation was analogous with that found in previous preference reversal experiments and is consistent with regret theory.
引用
收藏
页码:425 / 439
页数:15
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