Imprecision as an Account of the Preference Reversal Phenomenon

By D. Butler, G. Loomes. 2007

198 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/b696427726fa698cd5c36ad4eb86d7f07453eb87

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Carlos Alós-Ferrer

In General Decision Sciences

1. Carlos Alós-Ferrer
2. Alexander K. Wagner

In Safety Research

1. Carlos Alós-Ferrer
2. Alexander K. Wagner

Citations in the corpus

• Cognitive Imprecision and Small-Stakes Risk Aversion (2018, unknown): “552) argues that one should expect the Weber fraction to be smaller in the case of numerical information that is presented symbolically (as in the experiment of Mosteller and Nogee) rather than non-symbolically (as in the numerosity comparison experiments).(14) Hence this value of ν is not an implau”
• Preference reversals: Time and again (2016, background): “The two determinants are the imprecision of preferences in the evaluation phase (Schmidt and Hey 2004; Butler and Loomes 2007) and the overpricing of $-bets.”