| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7243864 | Journal of Economic Behavior & Organization | 2011 | 12 Pages |
Abstract
⺠Choices are not always based on stable, well-articulated preferences. ⺠Our experiment using choices over lottery pairs allows subjects to express imprecision. ⺠Results reveal significant imprecision intervals in lottery valuation. ⺠The size of the imprecision intervals reflect the range of non-dominated alternatives. ⺠A simple model of imprecise preferences predicts the observed violations of EUT.
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Authors
David Butler, Graham Loomes,