Response mode and stochastic choice together explain preference reversals
نویسندگان
چکیده
منابع مشابه
Preference Reversals and Probabilistic Choice
Preference reversals occur when different (but formally equivalent) elicitation methods reveal conflicting preferences over two alternatives. This paper shows that when people have fuzzy preferences i.e. when they choose in a probabilistic manner, their observed decisions can generate systematic preference reversals. A simple model of probabilistic choice and valuation can account for a higher ...
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Preference reversals are found in measurements of ambiguity aversion even under constant psychological and informational circumstances. The reversals are of a fundamentally different nature than the reversals found before because they cannot be explained by context-dependent weightings of attributes. We offer an explanation based on Sugden’s random-reference theory with different elicitation me...
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Numerous studies using between-subject designs have found that different decisions can be made about identical binary choice problems depending on whether the options are described or experienced. Using a within-subjects design we examined this Description-Experience ‘gap’ at the level of the individual. We found that: (1) the gap could be observed both at the group and the individual levels, (...
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Copyright and reuse: The Warwick Research Archive Portal (WRAP) makes this work by researchers of the University of Warwick available open access under the following conditions. Copyright © and all moral rights to the version of the paper presented here belong to the individual author(s) and/or other copyright owners. To the extent reasonable and practicable the material made available in WRAP ...
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This study assesses the effect of response-mode choices on response rates, and responsemode preferences of hard-to-survey populations: young adults, full-time workers, big city inhabitants, and non-Western immigrants. Using address-based sampling, a stratified sample of 3,496 households was selected. The first group of sample members was contacted face to face and could choose between a CAPI an...
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ژورنال
عنوان ژورنال: Quantitative Economics
سال: 2015
ISSN: 1759-7323
DOI: 10.3982/qe437