Testing explanations of preference reversal: A model

Yves Alarie and Georges Dionne ()
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Yves Alarie: HEC Montreal, Canada Research Chair in Risk Management

No 05-2, Working Papers from HEC Montreal, Canada Research Chair in Risk Management

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.

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)
Pages: 9 pages
Date: 2005-04-05
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Related works:
Working Paper: Testing Explanations of Preference Reversal: a Model (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:crcrmw:2005_002

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