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  1.  36
    Intransitive Cycles: Rational Choice or Random Error? An Answer Based on Estimation of Error Rates with Experimental Data.Barry Sopher & Gary Gigliotti - 1993 - Theory and Decision 35 (3):311-336.
  2.  36
    Violations of Present-Value Maximization in Income Choice.Gary Gigliotti & Barry Sopher - 1997 - Theory and Decision 43 (1):45-69.
    We report results of an experiment testing for present-value maximization in intertemporal income choice. Two-thirds of subjects did not maximize present value. Through a series of experimental manipulations that impose costs on non-present value maximizers, we are able to reduce the level of violations substantially. We find, however, that a sizeable proportion of subjects continue to systematically violate present-value principles. Our interpretation is that these subjects either cannot or choose not to distinguish between t income and t expenditure in making (...)
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  3.  26
    A Test of Generalized Expected Utility Theory.Barry Sopher & Gary Gigliotti - 1993 - Theory and Decision 35 (1):75-106.
  4. A Deeper Look at Hyperbolic Discounting.Barry Sopher & Arnav Sheth - 2006 - Theory and Decision 60 (2-3):219-255.
    We conduct an experiment to investigate the degree to which deviations from exponential discounting can be accounted for by the hypothesis of hyperbolic discounting. Subjects are asked to choose between an earlier or later payoff in a series of 40 choice questions. Each question consists of a pair of monetary amounts determined by compounding a given base amount at a constant rate per period. Two bases, three compounding rates and three delays are each used. There are also 2 initial periods (...)
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  5.  41
    Analysis of Intertemporal Choice: A New Framework and Experimental Results.Gary Gigliotti & Barry Sopher - 2003 - Theory and Decision 55 (3):209-233.
    This paper reports the results of a series of experiments examining intertemporal choice. The paper makes three contributions: First, it presents a new analytic device, the intertemporal choice triangle, which is analogous to the Marschak--Machina choice triangle used in the analysis of choice under risk. Second, we have developed a new experimental design based on the intertemporal choice triangle which allows subjects greater flexibility in making choices, and which allows the researcher to make more subtle inferences, than are possible with (...)
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  6.  57
    Stochastic Choice and Consistency in Decision Making Under Risk: An Experimental Study.Barry Sopher & J. Mattison Narramore - 2000 - Theory and Decision 48 (4):323-349.
    This paper reports the results of an experiment designed to uncover the stochastic structure of individual preferences over lotteries. Unlike previous experiments, which have presented subjects with pair-wise choices between lotteries, our design allowed subjects to choose between two lotteries or (virtually) any convex combination of the two lotteries. We interpret the mixtures of lotteries chosen by subjects as a measure of the stochastic structure of choice. We test between two alternative interpretations of stochastic choice: the random utility interpretation and (...)
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