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Testing transitivity of preferences using linked designs
Judgment and Decision Making
Three experiments tested if individuals show violations of transitivity in choices between risky gambles in linked designs. The binary gambles varied in the probability to win the higher (better) prize, the value of the higher prize, and the value of the lower prize. Each design varied two factors, with the third fixed. Designs are linked by using the same values in different designs. Linked designs allow one to determine if a lexicographic semiorder model can describe violations ofdoaj:1b779f06a0184b04a9d51fad5e324db2 fatcat:5z3x3yy6q5hpzf42ed32kcedgi