search query: @freeterm TRANSITIVITY / total: 1
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Author: | Humphrey, S. J. |
Title: | Non-transitive choice: event-splitting effects or framing effects? |
Journal: | Economica
2001 : VOL. 68:269, s. 77-96 |
Index terms: | EVENT STUDIES UTILITY THEORY |
Freeterms: | TRANSITIVITY |
Language: | eng |
Abstract: | Recent studies have examined possible causes of the robust empirical failure of the transitivity axiom of expected utility theory by pitting regret aversion against alternative explanations such as event-splitting effects. These tests show that cycles replicate when the latter are controlled, but are sensitive to changes in problem representation. |
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