Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/306546 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Working Paper No. 459
Verlag: 
University of Zurich, Department of Economics, Zurich
Zusammenfassung: 
Recent contributions suggest that the empirical evidence for the common ratio effect could be explained as noise instead of underlying preferences under "common assumptions." We revisit this argument using a more general method which allows to unambiguously distinguish noise from preferences nonparametrically and with less stringent assumptions. The results are independent of the assumed behavioral model or how noise affects choices. Applying this method to new experimental data we show that there is a systematic preference for the common ratio and the common consequence effects which cannot be explained by noise.
JEL: 
C91
D81
D91
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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