search query: @indexterm UTILITY THEORY / total: 246
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| Author: | Cubitt, R. P. Starmer, C. Sugden, R. |
| Title: | Dynamic choice and the common ratio effect: An experimental investigation |
| Journal: | Economic Journal
1998 : SEP, VOL. 108:450, p. 1362-1383 |
| Index terms: | ECONOMICS UTILITY THEORY EXPECTATIONS |
| Language: | eng |
| Abstract: | This study uses four principles of dynamic choice to characterise alternative theoretical strategies for explaining the common ratio effect. An experiment tests these principles and, by implication, several well-known accounts of the common ratio effect. The experimental design uses real financial incentives without presupposing any dynamic choice principles. |
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