Showing 1 - 10 of 11
conditions under which it is possible to detect the presence of a taste for transitivity in the presence of assortative matching …
Persistent link: https://www.econbiz.de/10011594326
Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice and show that the answer is no. If choices are governed by ex ante regret and...
Persistent link: https://www.econbiz.de/10011599439
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/10010273147
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies … repeated intransitive patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of …
Persistent link: https://www.econbiz.de/10010296263
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/10010278001
Several experimental studies have observed substantial violations of transitivity for decisions between risky lotteries … for generating violations of transitivity. Since we find neither substantial nor systematic deviations from transitive …
Persistent link: https://www.econbiz.de/10010317186
When members of an organization share communication codes, coordination across subunits is easier. But if groups interact separately, they will each develop a specialized code. This paper asks: Can organizations shape how people interact in order to create shared communication codes? What kinds...
Persistent link: https://www.econbiz.de/10013177681
Transitivity is perhaps the most fundamental choice axiom and, therefore, almost all economic models assume that … preferences are transitive. The empirical literature has regularly documented violations of transitivity, but these violations … deterministic part of individuals' preferences. However, what if transitivity violations reflect individuals' nontransitive …
Persistent link: https://www.econbiz.de/10013285526
Transitivity is perhaps the most fundamental choice axiom and, therefore, almost all economic models assume that … preferences are transitive. The empirical literature has regularly documented violations of transitivity, but these violations … deterministic part of individuals' preferences. However, what if transitivity violations reflect individuals' genuinely …
Persistent link: https://www.econbiz.de/10013531822
We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
Persistent link: https://www.econbiz.de/10010398622