TIME PREFERENCE AND PREFERENCE REVERSAL AMONG EXPERIENCED SUBJECTS - THE EFFECTS OF REAL PAYMENTS

被引：32

作者：

BOHM, P

机构：

来源：

ECONOMIC JOURNAL | 1994年 / 104卷 / 427期

关键词：

D O I：

10.2307/2235453

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Preference reversal has been frequent in tests with hypothetical, or small real, payoffs concerning lotteries as well as claims redeemable at different future dates. PR is tested here for the latter case with nontrivial payment levels and subjects likely to deal with decisions of this type. It is found (1) that replacing hypothetical by real-payment tests reduces PR rates from 62% to 15% for subjects 'predicted' to reverse preferences, and (2) that the real overall PR rate (before correcting for response errors) is 19%, much lower than in earlier studies.

引用

页码：1370 / 1378

页数：9

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