Showing 11 - 20 of 146
Persistent link: https://www.econbiz.de/10014281839
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
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
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
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
provides an analytical framework for making real income comparisons across countries and over time that satisfy transitivity …
Persistent link: https://www.econbiz.de/10009448806
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
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