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A change-of-process theory for contextual effects and preference reversals in risky decision making

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  • Mellers, Barbara A.
  • Ordonez, Lisa D.
  • Birnbaum, Michael H.

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  • Mellers, Barbara A. & Ordonez, Lisa D. & Birnbaum, Michael H., 1992. "A change-of-process theory for contextual effects and preference reversals in risky decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 52(3), pages 331-369, August.
  • Handle: RePEc:eee:jobhdp:v:52:y:1992:i:3:p:331-369
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    Citations

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    Cited by:

    1. Fox, Craig R. & Levav, Jonathan, 2000. "Familiarity Bias and Belief Reversal in Relative Likelihood Judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 82(2), pages 268-292, July.
    2. Buschena, David E., 1994. "The Effects Of Similarity On Choice And Decision Effort," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271557, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    3. repec:cup:judgdm:v:3:y:2008:i:7:p:528-546 is not listed on IDEAS
    4. A. Peter McGraw & Eldar Shafir & Alexander Todorov, 2010. "Valuing Money and Things: Why a $20 Item Can Be Worth More and Less Than $20," Management Science, INFORMS, vol. 56(5), pages 816-830, May.
    5. Michael H. Birnbaum & Kathleen Johnson & Jay-Lee Longbottom, 2008. "Tests of Cumulative Prospect Theory with graphical displays of probability," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3(7), pages 528-546, October.
    6. Şule Güney & Ben R. Newell, 2019. "An exploratory investigation of the impact of evaluation context on ambiguity aversion," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 14(3), pages 335-348, May.
    7. Pettibone, Jonathan C. & Wedell, Douglas H., 2000. "Examining Models of Nondominated Decoy Effects across Judgment and Choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 81(2), pages 300-328, March.
    8. Michael H. Birnbaum, 2008. "New tests of cumulative prospect theory and the priority heuristic: Probability-outcome tradeoff with branch splitting," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3, pages 304-316, April.
    9. Yan-Bang Zhou & Qiang Li & Hong-Zhi Liu, 2021. "Visual attention and time preference reversals," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 16(4), pages 1010-1038, July.
    10. Kontek, Krzysztof & Birnbaum, Michael H., 2019. "The impact of middle outcomes on lottery valuations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 78(C), pages 30-44.
    11. Buschena, David E. & Atwood, Joseph A., 2011. "Evaluation of similarity models for expected utility violations," Journal of Econometrics, Elsevier, vol. 162(1), pages 105-113, May.
    12. Guitouni, Adel & Martel, Jean-Marc, 1998. "Tentative guidelines to help choosing an appropriate MCDA method," European Journal of Operational Research, Elsevier, vol. 109(2), pages 501-521, September.
    13. Brown, Gordon D. A. & Gardner, Jonathan & Oswald, Andrew J. & Qian, Jing, 2005. "Does Wage Rank Affect Employees' Wellbeing?," IZA Discussion Papers 1505, Institute of Labor Economics (IZA).
    14. Castillo, Geoffrey, 2020. "The attraction effect and its explanations," Games and Economic Behavior, Elsevier, vol. 119(C), pages 123-147.
    15. repec:cup:judgdm:v:16:y:2021:i:4:p:1010-1038 is not listed on IDEAS
    16. repec:cup:judgdm:v:3:y:2008:i::p:304-316 is not listed on IDEAS
    17. Berg, Joyce E. & Dickhaut, John W. & Rietz, Thomas A., 2010. "Preference reversals: The impact of truth-revealing monetary incentives," Games and Economic Behavior, Elsevier, vol. 68(2), pages 443-468, March.
    18. repec:cup:judgdm:v:14:y:2019:i:3:p:335-348 is not listed on IDEAS
    19. Oliver, Adam & Sunstein, Cass, 2019. "Does size matter? The Allais paradox and preference reversals with varying outcome magnitudes," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 78(C), pages 45-60.
    20. Michał Lewandowski & Łukasz Woźny, 2020. "On complementary symmetry and reference dependence," KAE Working Papers 2020-059, Warsaw School of Economics, Collegium of Economic Analysis.
    21. Ordonez, Lisa & Benson, Lehman, 1997. "Decisions under Time Pressure: How Time Constraint Affects Risky Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(2), pages 121-140, August.
    22. Oliver, Adam & Sunstein, Cass, 2019. "Does size matter? The Allais paradox and preference reversals with varying outcome magnitudes," LSE Research Online Documents on Economics 91130, London School of Economics and Political Science, LSE Library.

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