Testing transitivity in choice under risk

Theory and Decision 69 (4):599-614 (2010)
  Copy   BIBTEX


Recently proposed models of risky choice imply systematic violations of transitivity of preference. This study explored whether people show the predicted intransitivity of the two models proposed to account for the certainty effect in Allais paradoxes. In order 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 preferences that need not be transitive. Error rate for a choice is estimated from preference reversals between repeated presentations of the same choice. Results showed that few people repeated intransitive patterns. We can retain the hypothesis that all participants were transitive



    Upload a copy of this work     Papers currently archived: 74,247

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Intransitivity and the Person-Affecting Principle.Alastair Norcross - 1999 - Philosophy and Phenomenological Research 59 (3):769-776.
Causes of Causes.Alex Broadbent - 2012 - Philosophical Studies 158 (3):457-476.
Vaulting Intuition: Temkin's Critique of Transitivity.Alex Voorhoeve - 2013 - Economics and Philosophy 29 (3):409-425.


Added to PP

60 (#195,424)

6 months
1 (#415,205)

Historical graph of downloads
How can I increase my downloads?

Author's Profile