An additional violation of transitivity and independence between alternatives

Journal of Economic Psychology

Volumn 17, Issue 5, 1996, Pages 645-650

  Li, Shu ^a  

^a UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Independence between alternatives; Transitivity

Indexed keywords

EID: 0030295880     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-4870(96)00027-X     Document Type: Article

References (5)

1. Allais, P.M., 1953. Le comportement de l'homme rationnel devant le risque: Critique des postulats et axiomes de l'école Americaine. Econometrica 21, 503-546.
2. Ellsberg, D., 1961. Risk, ambiguity, and the Savage axioms. Quarterly Journal of Economics 75, 643-699.
3. Li, S., 1994. Equate-to-differentiate theory: A coherent bi-choice model across certainty, uncertainty and risk. Unpublished doctoral dissertation. University of New South Wales.
4. Myers, J.L., M.M. Suydam and B. Gambino, 1965. Contingent gains and losses in a risky decision situation. Journal of Mathematical Psychology 2, 363-370.
5. Tversky, A. and D. Kahneman, 1986. Rational choice and the framing of decisions. Journal of Business 59. S251-S278.