Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/4133 
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dc.contributor.authorBirnbaum, Michael H.en
dc.contributor.authorSchmidt, Ulrichen
dc.date.accessioned2009-01-28T14:17:50Z-
dc.date.available2009-01-28T14:17:50Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1396en
dc.subject.jelC91en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordErrorsen
dc.subject.keywordRegret theoryen
dc.subject.keywordTransitivityen
dc.subject.keywordDecision makingen
dc.subject.stwEntscheidung bei Risikoen
dc.subject.stwPräferenztheorieen
dc.subject.stwExperimenten
dc.subject.stwTheorieen
dc.titleAn experimental investigation of violations of transitivity in choice under uncertainty-
dc.typeWorking Paperen
dc.identifier.ppn557506964en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1396en

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