Replication data for: Imprecision as an Account of the Preference Reversal Phenomenon
Principal Investigator(s): View help for Principal Investigator(s) David J. Butler; Graham C. Loomes
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| 20050175_3data | 12/07/2019 12:26:PM | ||
| 20050175_3programfiles | 12/07/2019 12:26:PM | ||
|
|
text/plain | 14.6 KB | 12/07/2019 07:26:AM |
Project Citation:
Butler, David J., and Loomes, Graham C. Replication data for: Imprecision as an Account of the Preference Reversal Phenomenon. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116258V1
Project Description
Summary:
View help for Summary
Many individuals' choices and valuations involve a degree of uncertainty/imprecision.
This paper reports an experiment designed to obtain some measure of
imprecision and to examine the extent to which it can explain preference reversals
of two opposite forms, one of which appears not to have been reported previously.
The model of imprecision we examine not only predicts both patterns but also
provides an account of earlier results that are otherwise not well explained. The
results suggest that any successful descriptive theory of choice and valuation will
need to allow in some way for the imprecision surrounding people's decisions. (JEL
C91, D11, D81)
Scope of Project
JEL Classification:
View help for JEL Classification
C91 Design of Experiments: Laboratory, Individual
D11 Consumer Economics: Theory
D81 Criteria for Decision-Making under Risk and Uncertainty
C91 Design of Experiments: Laboratory, Individual
D11 Consumer Economics: Theory
D81 Criteria for Decision-Making under Risk and Uncertainty
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.