Are bygones bygones?
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
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http://dx.doi.org/10.1007/s11238-010-9233-4 |
Metadatos
Título
Are bygones bygones?Fecha de publicación
2012-08Editor
Springer USISSN
0040-5833Cita bibliográfica
Theory and Decision, 73, 2, p. 185-202Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://link.springer.com/article/10.1007/s11238-010-9233-4Palabras clave / Materias
Resumen
This article reports an experiment which tests the principle of separability, i.e. that behaviour in a dynamic choice problem is independent of history and of unreachable eventualities. Although this is a well-known ... [+]
This article reports an experiment which tests the principle of separability, i.e. that behaviour in a dynamic choice problem is independent of history and of unreachable eventualities. Although this is a well-known principle of orthodox decision theory and central to conventional economic modelling, it has been questioned on grounds suggested by non-expected utility models of choice under risk and by the psychology of affective influences on risk-taking. Our experimental design, which provides between-subjects tests of separability using three treatments in which the history preceding a decision is manipulated, is inspired by these concerns. We expose separability to a clean and harsh test, but find no evidence that it is violated. [-]
Derechos de acceso
© Springer Science+Business Media, LLC. 2010
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http://rightsstatements.org/vocab/InC/1.0/
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