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We propose an experimental design allowing a behavioral test of the axiom ofcompleteness of individual preferences. The … preferences are significantly incomplete. We use lotteries as choice alternatives and we find that risk aversion is globally …
Persistent link: https://www.econbiz.de/10005866755
Completeness, the most commonly assumed axiom in preference theory,has not received much attention from the experimental literature. Indeed,incomplete preferences model a cognitive phenomenon (an agent's inabilityto compare alternatives), and therefore cannot be directly revealed throughchoice...
Persistent link: https://www.econbiz.de/10005866783
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically affects...
Persistent link: https://www.econbiz.de/10005866879