Expérimentations sur les choix séquentiels : application à " l'effet irréversibilité"
Abstract
[fre] L'effet irréversibilité prédit qu'un agent qui se comporte selon l'hypothèse de maximisation de l'utilité espérée, et qui anticipe un supplément d'information préaÂlablement à ses choix futurs, adoptera une position « plus flexible » (ou « moins irréversible ») à la période présente. Dans cet article nous présenterons les résulÂtats d'une étude expérimentale dont l'objectif est de mettre en évidence l'effet irréÂversibilité sur un plan empirique, sans préjuger du type de comportement adopté par les agents. Les résultats obtenus sont conformes aux prédictions théoriques, et suggèrent que l'effet-irréversibilité est compatible avec des comportements qui ne respectent pas nécessairement l'hypothèse de maximisation de l'utilité espérée. [eng] The Irreversibility Effect (IE) predicts that an expected utility maximizer who expects to obtain additional information before his future choices, will choose a "more flexible" (or "less irreversible") position in the current period. Results of an experimental investigation of the IE are presented. The aim of this study was to provide empirical evidence about the IE without making specific assumptions about the agents' behavior. Our results support the theoretical predictions and suggest that the IE is compatible with non-expected utility maximizing behavior.(This abstract was borrowed from another version of this item.)
Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.Bibliographic Info
Article provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 47 (1996)
Issue (Month): 1 ()
Pages: 51-71
Contact details of provider:
Web page: http://www.cairn.info/revue-economique.htm
Related research
Keywords:Other versions of this item:
- Marc Willinger & Alexandra Rauchs, 1996. "Expérimentations sur les choix séquentiels : application à " l'effet irréversibilité"," Revue Économique, Programme National Persée, vol. 47(1), pages 51-71.
References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_p1996_47n1_0051For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.