Are bygones bygones?
MetadatosMostrar el registro completo del ítem
TítuloAre bygones bygones?
Fecha de publicación2012-08
Versión del editorhttp://link.springer.com/article/10.1007/s11238-010-9233-4
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. [-]
Palabras clave / Materias
Cita bibliográficaTheory and Decision, 73, 2, p. 185-202
Tipo de documentoinfo:eu-repo/semantics/article
Derechos de acceso
© Springer Science+Business Media, LLC. 2010
Aparece en las colecciones
- ECO_Articles