Preference reversal and the observability of preferences by experimental methods
Preference reversal and the observability of preferences by experimental methods
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DOI：
10.2307/1913606
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发表时间：
1987-05
期刊：
影响因子：
6.1
通讯作者：
E. Karni;Zvi Safra
中科院分区：
文献类型：
--
作者：
E. Karni;Zvi Safra
本文表明：（1）“偏好反转”现象可以与传递性偏好相一致，如果这些偏好违反了预期效用理论的独立性公理;（2）对于用于产生关于“偏好反转”的证据的那类实验，当且仅当，回答者的偏好可以用概率为线性的泛函来表示。此外，更一般的实验类是不能免疫的“偏好逆转”，如果非预期的效用偏好被承认。版权所有1987年由计量经济学会。
This paper shows that: (1) the "preference reversal" phenomenon can be consistent with transitive preferences if these preferences violate the independence axiom of expected utility theory and (2) for the class of experiments that were used to produce the evidence concerning "preference reversal," the elicitation of certainty equivalents is possible if, and only if, the respondent's preferences can be represented by functionals that are linear in the probabilities. Furthermore, a more general class of experiments is not immune to "preference reversal" if nonexpected utility preferences are admitted. Copyright 1987 by The Econometric Society.