Charness, Gary; Karni, Edi; Levin, Dan - In: Games and Economic Behavior 68 (2010) 2, pp. 551-556
This paper reports the results of a series of experiments designed to test whether and to what extent individuals succumb to the conjunction fallacy. Using an experimental design of Tversky and Kahneman (1983), it finds that given mild incentives, the proportion of individuals who violate the...