Violations of conjoint independence in binary choices: The equate-to-differentiate intepretation

Violations of conjoint independence in binary choices: The equate-to-differentiate intepretation

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Article ID: iaor20042764
Country: Netherlands
Volume: 148
Issue: 1
Start Page Number: 65
End Page Number: 79
Publication Date: Jul 2003
Journal: European Journal of Operational Research
Authors:
Abstract:

The studies described in the present paper extend the author's earlier work on testing the “independence condition” for decisions under risk to the “conjoint independence” for multi-attribute decisions. the “equate-to-differentiate” approach, which is proposed as a means by which weak dominance can be made applicable in more general cases in binary choice, is presented to account for the observed violations of independence. Transparency hypothesis concerning violations of the independence axiom is compared with the equate-to-differentiate hypothesis. The findings for various decision tasks favor the equate-to-differentiate explanation. The results support the claim that the violation of the independence should be observed when the equate-to-differentiate strategy is caused to be changed by the experimental conditions applied, but not otherwise.

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