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dc.contributor.authorBirnbaum, Michael H.en_US
dc.contributor.authorSchmidt, Ulrichen_US
dc.date.accessioned2009-01-29T14:13:28Z-
dc.date.available2009-01-29T14:13:28Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22015-
dc.description.abstractRecently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which each choice can have a different error rate and each person can have a different pattern of true preferences that need not be transitive. Error rate for a choice is estimated from preference reversals between repeated presentations of the same choice. Results of five studies showed that very few people repeated intransitive patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of participants.en_US
dc.language.isoengen_US
dc.publisherChristian-Albrechts-Universität Kiel, Department of Economics Kielen_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2006,10en_US
dc.subject.jelC91en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keyworddecision makingen_US
dc.subject.keyworderrorsen_US
dc.subject.keywordgambling effecten_US
dc.subject.keywordreference pointsen_US
dc.subject.keywordregreten_US
dc.subject.keywordtransitivityen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwEntscheidung bei Risikoen_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwExperimenten_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleEmpirical Tests of Intransitivity Predicted by Models of Risky Choiceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn518266796en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:5101-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Economics Working Papers, Department of Economics, CAU Kiel

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