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Preference reversals with social distances

Author

Listed:
  • Geoffrey Castillo

    (VCEE - Vienna Center for Experimental Economics, University of Vienna)

Abstract

Preference reversals between choice and valuation are typically studied with probabilities or with time delays. I extend them to social distances and document their existence in this new domain.

Suggested Citation

  • Geoffrey Castillo, 2021. "Preference reversals with social distances," Post-Print hal-03900751, HAL.
    • Handle: RePEc:hal:journl:hal-03900751
    DOI: 10.1016/j.joep.2021.102410
    Note: View the original document on HAL open archive server: https://hal.science/hal-03900751
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    References listed on IDEAS

    as
    1. Simon Gaechter & Chris Starmer & Fabio Tufano, 2017. "Revealing the Economic Consequences of Group Cohesion," Discussion Papers 2017-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
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    5. Shaffer, Victoria A. & Arkes, Hal R., 2009. "Preference reversals in evaluations of cash versus non-cash incentives," Journal of Economic Psychology, Elsevier, vol. 30(6), pages 859-872, December.
    6. Grether, David M & Plott, Charles R, 1979. "Economic Theory of Choice and the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 69(4), pages 623-638, September.
    7. Ball, Linden J. & Bardsley, Nicholas & Ormerod, Tom, 2012. "Do preference reversals generalise? Results on ambiguity and loss aversion," Journal of Economic Psychology, Elsevier, vol. 33(1), pages 48-57.
    8. Hela Maafi, 2011. "Preference Reversals Under Ambiguity," Management Science, INFORMS, vol. 57(11), pages 2054-2066, November.
    9. Tversky, Amos & Slovic, Paul & Kahneman, Daniel, 1990. "The Causes of Preference Reversal," American Economic Review, American Economic Association, vol. 80(1), pages 204-217, March.
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    Cited by:

    1. Benjamin Beranek & Geoffrey Castillo, 2023. "Continuous Inclusion of Other in the Self," Working Papers hal-03901219, HAL.

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    More about this item

    Keywords

    preference reversals; social distance;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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