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Are bygones bygones?
dc.contributor.author | Cubitt, Robin | |
dc.contributor.author | Ruiz Martos, Maria J. | |
dc.contributor.author | Starmer, Chris | |
dc.date.accessioned | 2013-11-25T10:47:54Z | |
dc.date.available | 2013-11-25T10:47:54Z | |
dc.date.issued | 2012-08 | |
dc.identifier.citation | Theory and Decision, 73, 2, p. 185-202 | ca_CA |
dc.identifier.issn | 0040-5833 | |
dc.identifier.uri | http://hdl.handle.net/10234/76087 | |
dc.description.abstract | 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. | ca_CA |
dc.format.extent | 18 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Springer US | ca_CA |
dc.rights | © Springer Science+Business Media, LLC. 2010 | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | Separability | ca_CA |
dc.subject | History-independence | ca_CA |
dc.subject | Non-expected utility | ca_CA |
dc.subject | Risk and affect | ca_CA |
dc.title | Are bygones bygones? | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | http://dx.doi.org/10.1007/s11238-010-9233-4 | |
dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | ca_CA |
dc.relation.publisherVersion | http://link.springer.com/article/10.1007/s11238-010-9233-4 | ca_CA |
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