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Framing, Switching and Preference Reversals

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  • Michael Ryan

Abstract

An explicitly frame related interpretation of a very general more for less result is used to establish a correspondingly general class of frame related switching results. These are used in turn to show how preference reversals of kinds found by Allais and others may not only be essentially non-paradoxical in character, but can be expected to be frequently observed, even under conditions of certainty and of complete information. Copyright Springer 2004

Suggested Citation

  • Michael Ryan, 2004. "Framing, Switching and Preference Reversals," Theory and Decision, Springer, vol. 57(3), pages 181-211, November.
    • Handle: RePEc:kap:theord:v:57:y:2004:i:3:p:181-211
    DOI: 10.1007/s11238-005-0281-0
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    References listed on IDEAS

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    1. Machina, Mark J, 1987. "Choice under Uncertainty: Problems Solved and Unsolved," Journal of Economic Perspectives, American Economic Association, vol. 1(1), pages 121-154, Summer.
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    Cited by:

    1. Diego Lanzi, 2018. "On Embedded Choice Theory: Re-framing and Emotions," Review of Economics & Finance, Better Advances Press, Canada, vol. 11, pages 19-30, February.
    2. Lanzi, Diego, 2011. "Frames as choice superstructures," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(2), pages 115-123, April.
    3. Dino Borie & Dorian Jullien, 2016. "Weakening Description Invariance to Deal with Framing Effects: An Axiomatic Approach," GREDEG Working Papers 2016-14, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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