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dc.contributor.authorBirnbaum, Michael H.en_US
dc.contributor.authorSchmidt, Ulrichen_US
dc.date.accessioned2009-01-28T14:17:50Z-
dc.date.available2009-01-28T14:17:50Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/4133-
dc.description.abstractSeveral models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments explored whether people show patterns of intransitivity predicted by these 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 does not need to be transitive. Error rate for a choice is estimated from preference reversals between repeated presentations of the same choice. Our results 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.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1396-
dc.subject.jelC91en_US
dc.subject.jelD81en_US
dc.subject.ddc330-
dc.subject.keywordDecision makingen_US
dc.subject.keywordErrors-
dc.subject.keywordRegret theory-
dc.subject.keywordTransitivity-
dc.subject.stwEntscheidung bei Risikoen_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwExperimenten_US
dc.subject.stwTheorieen_US
dc.titleAn experimental investigation of violations of transitivity in choice under uncertaintyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn557506964en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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