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  • 1
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    Focal Points in Pure Coordination Games: An Experimental Investigation (1994)
    Dordrecht : Periodicals Archive Online (PAO)
    Theory and Decision. 36:2 (1994:Mar.) 163 
    Details
    ISSN: 0040-5833
    Topics: Sociology , Economics
    URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pao:&rft_dat=xri:pao:article:n228-1994-036-02-000003
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Probability and juxtaposition effects: An experimental investigation of the common ratio effect (1989)
    Springer
    Journal of risk and uncertainty 2 (1989), S. 159-178 
    Details
    ISSN: 1573-0476
    Keywords: common ratio effect ; regret theory ; experiments
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Several theories explain the common ratio effect as a probability effect resulting from properties of individuals' preference orderings over probability distributions of consequences. In contrast, regret theory explains it as the result of changes in the juxtaposition of consequences in the action/state matrix. This article reports an experiment that allowed probability effects and juxtaposition effects to be separately identified for some common ratio problems, some of which involved real gains and others, real losses. The main finding is that changes in the juxtaposition of consequences have systematic effects on choices in the direction predicted by regret theory.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00056135
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  • 3
    Electronic Resource
    Electronic Resource
    Cycling with Rules of Thumb: An Experimental Test for a new form of Non-Transitive Behaviour (1999)
    Springer
    Theory and decision 46 (1999), S. 139-157 
    Details
    ISSN: 1573-7187
    Keywords: Intransitivity ; Experimental economics ; Prospect theory
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract This paper tests a novel implication of the original version of prospect theory (Kahneman and Tversky, 1979): that choices may systematically violate transitivity. Some have interpreted this implication as a weakness, viewing it as an anomaly generated by the ‘editing phase’ of prospect theory which can be rendered redundant by an appropriate re-specification of the preference function. Although there is some existing evidence that transitivity fails descriptively, the particular form of non-transitivity implied by prospect theory is quite distinctive and hence presents an ideal opportunity to expose that theory to test. An experiment is reported which reveals strong evidence of the predicted intransitivity. It is argued that the existence of this new form of non-transitive behaviour presents a fresh theoretical challenge to those seeking descriptively adequate theories of choice behaviour, and a particular challenge to those who seek explanations within the conventional economic paradigm of utility maximisation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1004930205037
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  • 4
    Electronic Resource
    Electronic Resource
    Focal points in pure coordination games: An experimental investigation (1994)
    Springer
    Theory and decision 36 (1994), S. 163-185 
    Details
    ISSN: 1573-7187
    Keywords: Common knowledge ; multiple equilibria ; focal points ; salience ; coordination games
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract This paper reports an experimental investigation of the hypothesis that in coordination games, players draw on shared concepts of salience to identify ‘focal points’ on which they can coordinate. The experiment involves games in which equilibria can be distinguished from one another only in terms of the way strategies are labelled. The games are designed to test a number of specific hypotheses about the determinants of salience. These hypotheses are generally confirmed by the results of the experiment.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01079211
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  • 5
    Electronic Resource
    Electronic Resource
    Explaining risky choices without assuming preferences (1996)
    Springer
    Social choice and welfare 13 (1996), S. 201-213 
    Details
    ISSN: 1432-217X
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract Economic theories of choice under uncertainty assume that agents act as if they have preferences which govern their choices between risky options. Theories differ as to the exact specification of the preference structure, but it is common to assume that preferences are complete and satisfy certain consistency requirements such as transitivity and monotonicity. In this paper, it is argued that there may be reason to doubt whether individuals act as if they have complete and consistent preferences over risky actions. Instead it is suggested that individuals should be thought of as actively constructing preferences through a process which I call “rationalisation”. It is then argued that rationalisation provides a basis for understanding certain experimentally observed “anomalies” which appear quite at odds with conventional theory.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00183351
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  • 6
    Electronic Resource
    Electronic Resource
    Testing for juxtaposition and event-splitting effects (1993)
    Springer
    Journal of risk and uncertainty 6 (1993), S. 235-254 
    Details
    ISSN: 1573-0476
    Keywords: event-splitting effect ; juxtaposition effect ; regret theory
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Regret theory predicts that choices over prospects will be systematically influenced by the juxtaposition of outcomes in the payoff matrix. Experiments have found apparent juxtaposition effects of this kind. However, these experiments have not controlled for “event-splitting effects” (ESEs), by which the subjective weight given to an outcome depends on the number of states of the world in which it occurs, as well as on their combined probability. An experiment is reported that tests independently for juxtaposition effects and ESEs. The results suggest that the apparent juxtaposition effects found in previous experiments are largely due to ESEs.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01072613
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  • 7
    Electronic Resource
    Electronic Resource
    On the validity of the random lottery incentive system (1998)
    Springer
    Experimental economics 1 (1998), S. 115-131 
    Details
    ISSN: 1573-6938
    Keywords: random lottery incentive system ; C90 ; C91
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The random lottery incentive system is widely used in experimental economics to motivate subjects. This paper investigates its validity. It reports three experiments which compare responses given to decision tasks which are embedded in random lottery designs with responses in ‘single choice’ designs in which each subject faces just one task for real. The experiments were designed to detect cross-task contamination effects in the random lottery treatment. No significant differences between treatments, and no significant contamination effects, were found. Over the three experiments, observed differences between the treatments are adequately explained as sampling variation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01669298
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  • 8
    Electronic Resource
    Electronic Resource
    On the Validity of the Random Lottery Incentive System (1998)
    Springer
    Experimental economics 1 (1998), S. 115-131 
    Details
    ISSN: 1573-6938
    Keywords: random lottery incentive system
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The random lottery incentive system is widely used in experimental economics to motivate subjects. This paper investigates its validity. It reports three experiments which compare responses given to decision tasks which are embedded in random lottery designs with responses in 'single choice' designs in which each subject faces just one task for real. The experiments were designed to detect cross-task contamination effects in the random lottery treatment. No significant differences between treatments, and no significant contamination effects, were found. Over the three experiments, observed differences between the treatments are adequately explained as sampling variation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1026435508449
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  • 9
    Electronic Resource
    Electronic Resource
    Violations of the independence axion in common ratio problems: An experimental test of some competing hypotheses (1989)
    Springer
    Annals of operations research 19 (1989), S. 79-102 
    Details
    ISSN: 1572-9338
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF02283515
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  • 10
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    People prefer coordinated punishment in cooperative interactions (2019)
    Springer Nature
    Details
    Publication Date: 2019-09-02
    Electronic ISSN: 2397-3374
    Topics: Energy, Environment Protection, Nuclear Power Engineering , Psychology
    Published by Springer Nature
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