Testing Explanations of Preference Reversal: A Model

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Preprint 01 Jan 2005 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Yves Alarie; Georges Dionne;

doi: 10.2139/ssrn.712062

Testing Explanations of Preference Reversal: A Model

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Abstract

When Cubitt, Munro and Starmer (2004) presented their new experimental investigation of preference reversal, they pointed out that their test results cannot be explained by any of the best-known explanations proposed by economists and psychologists. In this paper we propose a model based on lotteries qualities to explain these new test results.

Related Organizations

HEC Montréal
Canada
University of Montreal
Canada

Keywords

Standard preference reversal, counter preference reversal, choice task, money valuation task, probability valuation task, lottery, test, jel: jel:D80

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