Who accepts Savage’s axiom now?
نویسندگان
چکیده
Abstract We report the results of an experimental test whether preaching normative appeal sure-thing principle leads decision-makers to make choices that satisfy it. use Allais-type decision problems observe incentive-compatible 147 subjects, which either violate or adhere Subjects are presented with arguments support counterfactual behaviour and then repeat their decisions. violations robust its justification. This result replicates a famous small-sample observation using hypothetical tasks was published by Paul Slovic Amos Tversky almost half century ago. argue this finding is as relevant now it design can be usefully applied address contemporary issues in behavioural economics.
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2023
ISSN: ['1573-7187', '0040-5833']
DOI: https://doi.org/10.1007/s11238-023-09938-8