Choice consistency and strength of preference

C-Tier
Journal: Economics Letters
Year: 2021
Volume: 198
Issue: C

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

Even when presented with the same choices multiple times, humans often make different decisions. We re-analyze data from five experiments using repeated choices in the domain of risky and inter-temporal choices and show that choice consistency is directly linked to cardinal differences in independently-estimated utilities. Strength of preference is monotonically related to choice consistency, with choices being more inconsistent when the alternatives are more similar in preference terms.

Technical Details

RePEc Handle
repec:eee:ecolet:v:198:y:2021:i:c:s0165176520304328
Journal Field
General
Author Count
2
Added to Database
2026-01-24