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Economic Theory of Choice and the Preference Reversal Phenomenon: Reply

✍ Scribed by David M. Grether and Charles R. Plott

Book ID
125661417
Publisher
American Economic Association
Year
1982
Tongue
English
Weight
137 KB
Volume
72
Category
Article
ISSN
0002-8282

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Reply to Commentary: Anchoring and Adjus
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✍ Yoav Ganzach πŸ“‚ Article πŸ“… 1996 πŸ› John Wiley and Sons 🌐 English βš– 232 KB

In my paper 'Preference reversal in equal probability gambles: A case for anchoring and adjustment' (this issue), I report some results concerning preference reversal in equal-probability gambles, and argue that these results can be explained by anchoring and adjustment, but not by compatibility. Ca