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Author:Bohm, P.
Title:Behaviour under uncertainty without preference reversal: a field experiment
Journal:Empirical Economics
1994 : VOL. 19:2, p. 185-200
Index terms:BEHAVIOURAL SCIENCE
UNCERTAINTY
PREFERENCES
Language:eng
Abstract:The robust laboratory evidence of preference reversal for lotteries has been interpreted as a threat to the general validity of standard theories of decision-making under uncertainty. This evidence is obtained from laboratory, that is, not real-world, lotteries with subjects who have not sought to make decisions among such lotteries. Here, the prevalence of preference reversal is studies in a field experiment with used cars.
SCIMA record nr: 128655
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