Reducing preference reversals: The role of preference imprecision and nontransparent methods
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DOI: 10.1002/hec.3772
Abstract: Preferences elicited with matching and choice usually diverge (as characterised by preference reversals), violating a basic rationality requirement, namely, procedure invariance. We report the results of an experiment that shows that preference reversals between matching… read more here.
Keywords: imprecision; reducing preference; preference; reversals role ... See more keywords
In Search of the Preference Reversal Zone.
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DOI: 10.1027/1618-3169/a000542
Abstract: A preference reversal is observed when a preference for a larger-later (LL) reward over a smaller-sooner (SS) reward reverses as both rewards come closer in time. Preference reversals are common in everyday life and in… read more here.
Keywords: preference reversals; preference; preference reversal; search preference ... See more keywords
Expected utility theory with imprecise probability perception: explaining preference reversals
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DOI: 10.1080/13504851.2016.1240332
Abstract: ABSTRACT This article presents a new model for decision-making under risk, which provides an explanation for empirically-observed preference reversals. Central to the theory is the incorporation of probability perception imprecision, which arises because of individuals’… read more here.
Keywords: economics; preference; preference reversals; probability perception ... See more keywords
Quantum generalized observables framework for psychological data: a case of preference reversals in US elections
Sign Up to like & getrecommendations! Published in 2017 at "Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences"
DOI: 10.1098/rsta.2016.0391
Abstract: Politics is regarded as a vital area of public choice theory, and it is strongly relying on the assumptions of voters’ rationality and as such, stability of preferences. However, recent opinion polls and real election… read more here.
Keywords: generalized observables; observables framework; psychological data; preference reversals ... See more keywords
Life and Death Decisions and COVID‐19: Investigating and Modeling the Effect of Framing, Experience, and Context on Preference Reversals in the Asian Disease Problem
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DOI: 10.1111/tops.12607
Abstract: Abstract Prior research in judgment and decision making (JDM) has investigated the effect of problem framing on human preferences. Furthermore, research in JDM documented the absence of such reversal of preferences when making decisions from… read more here.
Keywords: problem; effect; preference reversals; problem framing ... See more keywords
Inducing preference reversals in aesthetic choices for paintings: Introducing the contrast paradigm
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DOI: 10.1371/journal.pone.0196246
Abstract: Understanding what leads people to reverse their choices is important in many domains. We introduce a contrast paradigm for studying reversals in choices—here between pairs of abstract paintings—implemented in both within-subject (Experiment 1; N =… read more here.
Keywords: average beauty; contrast; contrast paradigm; preference reversals ... See more keywords