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Several models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments … patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of participants. …
Persistent link: https://www.econbiz.de/10005076116
Several experimental studies observed substantial violations of transitivity in decisions between risky lotteries over … generating violations of transitivity. Since we find neither substantial nor systematic deviations from transitive choice …
Persistent link: https://www.econbiz.de/10005700534