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A violation of the monotonicity axiom: experimental evidence on the conjunction fallacy

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Author Info

  • Zizzo, Daniel John
  • Stolarz-Fantino, Stephanie
  • Wen, Julie
  • Fantino, Edmund

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File URL: http://www.sciencedirect.com/science/article/B6V8F-3YBBH28-5/2/eb344fb3f0c21d77a7a9d4724f18a969
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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 41 (2000)
Issue (Month): 3 (March)
Pages: 263-276

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Handle: RePEc:eee:jeborg:v:41:y:2000:i:3:p:263-276

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Web page: http://www.elsevier.com/locate/jebo

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References

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  1. Grether, David M., 1990. "Testing Bayes Rule and the Representativeness Heuristic: Some Experimental Evidence," Working Papers 724, California Institute of Technology, Division of the Humanities and Social Sciences.
  2. Yates, J. Frank & Carlson, Bruce W., 1986. "Conjunction errors: Evidence for multiple judgment procedures, including "signed summation"," Organizational Behavior and Human Decision Processes, Elsevier, vol. 37(2), pages 230-253, April.
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Citations

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Cited by:
  1. Nilsson, Håkan & Andersson, Patric, 2010. "Making the seemingly impossible appear possible: Effects of conjunction fallacies in evaluations of bets on football games," Journal of Economic Psychology, Elsevier, vol. 31(2), pages 172-180, April.
  2. Gary Charness & Dan Levin, 2005. "When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect," American Economic Review, American Economic Association, vol. 95(4), pages 1300-1309, September.
  3. Gary Charness & Edi Karni & Dan Levin, 2007. "Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 129-148, October.
  4. Daniel Zizzo, 2003. "Verbal and Behavioral Learning in a Probability Compounding Task," Theory and Decision, Springer, vol. 54(4), pages 287-314, June.
  5. Alós-Ferrer, Carlos & Hügelschäfer, Sabine, 2012. "Faith in intuition and behavioral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 182-192.

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