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Incentives and preference reversals: escape moves and community decisions in experimental economics

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  • Timo Tammi

Abstract

This article examines the debate on the influence of incentives on the occurrence of the so-called preference reversal phenomenon. Firstly, the participants' views on the issue and the main shifts in the debate are identified. Secondly, the statements of views and the shifts in the debate are analyzed within the framework of 'escape moves (Kitcher 1993). In this analysis the focus is on attempts to resolve particular inconsistencies in the statements and on the ability of proposed solutions to induce a community decision to alter more or less permanently a portion of its established practices. The analysis brings to light the negotiation process in which the significance and meaning of the contested issue is not settled by adopting certain rules in a mechanical way but is worked out by context-dependent interpretations of the community of specialists.

Suggested Citation

  • Timo Tammi, 1999. "Incentives and preference reversals: escape moves and community decisions in experimental economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 6(3), pages 351-380.
    • Handle: RePEc:taf:jecmet:v:6:y:1999:i:3:p:351-380
    DOI: 10.1080/13501789900000023
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    Cited by:

    1. Dorian Jullien & Nicolas Vallois, 2014. "A probabilistic ghost in the experimental machine," Journal of Economic Methodology, Taylor & Francis Journals, vol. 21(3), pages 232-250, September.
    2. Geoffrey M. Hodgson, 2004. "¿Los experimentos pueden falsear la teoría de la utilidad esperada?," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 17-45, January-J.

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