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This paper extends the analysis of the data from the experiment undertaken by Pradiptyo et al. (2015), to help explain the subjects' behaviour when making decisions under risk. This study specifically investigates the relative empirical performance of the two general models of the stochastic choice: the random utility model (RUM) and the random preference model (RPM) where this paper specifies these models using two preference functionals, expected utility (EU) and rank-dependent expecteddoi:10.22146/gamaijb.34446 fatcat:wrs6vvnlcfgtvpb3x7azx7fmi4