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Preference reversal and the evolution of cooperation
Applied Mathematics and Computation, 2023zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Shiping Gao, Nan Li
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Journal of Economic Surveys, 2002
Preference reversal concerns a systematic divergence between prices of lotteries and subjects’ expressed preferences for playing the respective lotteries. This article surveys the discovery of preference reversal by psychologists, its re–examination and corroboration both by psychologists and later on by (first sceptical) economists, as well as the ...
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Preference reversal concerns a systematic divergence between prices of lotteries and subjects’ expressed preferences for playing the respective lotteries. This article surveys the discovery of preference reversal by psychologists, its re–examination and corroboration both by psychologists and later on by (first sceptical) economists, as well as the ...
exaly +2 more sources
"Preference Reversal" and the Observability of Preferences by Experimental Methods
Econometrica, 1987This paper addresses two related issues: (a) the ''preference reversal'' phenomenon and transitivity of preferences and (b) the observability of preference relations by experimental methods. In the first part, we adopt the framework of the theory of expected utility with rank-dependent probabilities to show that the well known ''preference reversal ...
Karni, Edi, Safra, Zvi
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Cognitive processes in preference reversals
Organizational Behavior and Human Decision Processes, 1989Abstract A preference reversal occurs when revealed preference orderings for the same alternatives differ across response modes. Previous studies have relied primarily on input-output data to infer the presence of particular cognitive mechanisms hypothesized to produce reversals. To obtain more detailed measures of such cognitive mechanisms we used a
David A. Schkade, Eric J. Johnson
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New Evidence of Preference Reversals in Health Utility Measurement
Health Economics (United Kingdom), 2009 A central assumption in health utility measurement is that preferences are invariant to the elicitation method used. This assumption is challenged by preference reversals.
Han Bleichrodt, Jose Luis Pinto Prades
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The preference reversal ... reversed!
2008Preference reversal (PR) occurs when pairs of lottery gambles are evaluated under two different conditions: to choose the gamble preferred to play and assign minimum selling price to each gamble. The preference order is then reversed from one condition to another: while it receives the lowest selling price, the gamble less risked is preferred in ...
Schmeltzer, C. +2 more
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Are Preference Reversals Errors? An Experimental Investigation
Journal of Risk and Uncertainty, 2004zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Schmidt, U., Hey, J.D.
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Reversal of the preference reversal phenomenon
Organizational Behavior and Human Decision Processes, 1991The widely replicated preference reversal phenomenon (PRP) violates most theories of decision under risk. People exhibiting PRP choose a safe bet (with a large chance of a small gain) over a long shot (with a small chance of a larger gain). But, when bidding to buy or sell each bet, they bid more for the long shot.
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Consequences of reversing preferences
The Mathematical Intelligencer, 2003zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Saari, Donald G., Barney, Steven
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Framing, Switching and Preference Reversals
Theory and Decision, 2004zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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