Testing Explanations of Preference Reversal: a Model
Yves Alarie and
Cahiers de recherche from CIRPEE
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.
Keywords: Standard preference reversal; counter preference reversal; choice task; money valuation task; probability valuation task; lottery; test (search for similar items in EconPapers)
JEL-codes: D80 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:lacicr:0510
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