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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.
SCIMA record nr: 225066
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