Preference reversal: Explanations, evidence and implications

Preference reversal: Explanations, evidence and implications

0.00 Avg rating0 Votes
Article ID: iaor19911169
Country: Switzerland
Volume: 23
Start Page Number: 189
End Page Number: 195
Publication Date: Sep 1990
Journal: Annals of Operations Research
Authors:
Abstract:

During the past twenty years, the preference reversal phenomenon has excited much interest among decision theorists. Is it an expression of genuinely nontransitive preferences? Is it largely due to the different cognitive procedures individuals may use for valuations as opposed to choices? Or does it arise from failures of the independence axiom and/or the reduction principle interacting with certain features of many experimental designs? This paper considers these possible explanations, reviews a range of recent evidence and presents some new results.

Reviews

Required fields are marked *. Your email address will not be published.