Imprecision as an account of violations of independence and betweenness

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2011
Volume: 80
Issue: 3
Pages: 511-522

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

In an earlier paper we put forward a model of imprecise preferences which accounted for various forms of preference reversal. In this paper we show that the same model can also explain the best-known violations of expected utility theory's axioms of independence and betweenness. It appears that a simple model of imprecise preferences can account for a broader range of anomalies than many of the more elaborate alternative theories developed to date.

Technical Details

RePEc Handle
repec:eee:jeborg:v:80:y:2011:i:3:p:511-522
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25