Stochastic Choice and Preferences for Randomization

S-Tier
Journal: Journal of Political Economy
Year: 2017
Volume: 125
Issue: 1
Pages: 40 - 68

Authors (2)

Marina Agranov (not in RePEc) Pietro Ortoleva (Princeton University)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We conduct an experiment in which subjects face the same questions repeated multiple times, with repetitions of two types: (1) following the literature, the repetitions are distant from each other; (2) in a novel treatment, the repetitions are in a row, and subjects are told that the questions will be repeated. We find that a large majority of subjects exhibit stochastic choice in both cases. We discuss the implications for models of stochastic choice.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/689774
Journal Field
General
Author Count
2
Added to Database
2026-01-26