Risky Decision making: Testing for violations of transitivity predicted by an editing mechanism

Transitivity is the assumption that if a person prefers A to B and B to C, then that person should prefer A to C. This article explores a paradigm in which Birnbaum, Patton and Lott (1999) thought people might be systematically intransitive. Many undergraduates choose C = ($96, .85; $90, .05; $12, ....

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Bibliographic Details
Main Authors: Michael H. Birnbaum, Daniel Navarro-Martinez, Christoph Ungemach, Neil Stewart, Edika G. Quispe-Torreblanca
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2016-01-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/15/15615a/jdm15615a.pdf