Misconceptions and Game Form Recognition : Challenges to Theories of Revealed Preference and Framing

  title={Misconceptions and Game Form Recognition : Challenges to Theories of Revealed Preference and Framing},
  author={Timothy N. Cason and Charles R. Plott},
This study explores the tension between the standard economic theory of preference and non-standard theories of preference that are motivated by an underlying theory of framing. A simple experiment was performed to measure a known preference, the value of a card that can be exchanged for $2 cash. The measurement does not produce the known preference and instead reports a preference that has properties often cited in support of non-standard preference theories and framing. Close examination… CONTINUE READING
Highly Cited
This paper has 30 citations. REVIEW CITATIONS


Publications referenced by this paper.
Showing 1-10 of 59 references

Detection, Identification, and Estimation of Loss Aversion: Evidence from an Auction Experiment.

  • A. Banerji, Neha Gupta
  • AEJ-Microeconomics
  • 2014
Highly Influential
4 Excerpts

Payoff Dominance vs

  • Irwin, Julie, Gary McClelland, Michael McKee, William Schulze, N. Elizabeth Norden.
  • Cognitive Transparency in Decision Making…
  • 1998
Highly Influential
5 Excerpts

Eliciting Reservation Prices: BeckerDeGroot-Marschak Mechanisms vs

  • Bohm, Peter, Johan Lindén, Joakim Sonnegård.
  • Markets.” Economic Journal 107: 1079-1089.
  • 1997
Highly Influential
6 Excerpts

The Control of Game Form Recognition in Experiments: Understanding Dominant Strategy Failures in a Simple Two Person ‘Guessing

  • Chou, Eileen, Margaret McConnell, Rosemarie Nagel, Charles Plott
  • Game.” Experimental Economics
  • 2009
Highly Influential
4 Excerpts

Revealing Consumers’ Willingness-to-Pay: A Comparison of the BDM Mechanism and the Vickrey Auction.

  • Noussair, Charles, Stephane Robin, Bernard Ruffieux
  • Journal of Economic Psychology
  • 2004
Highly Influential
2 Excerpts

Expectations as Reference Points: A New Empirical Test.

  • Goette, Lorenz, Annette Harms, Charles Sprenger
  • Working paper,
  • 2012
2 Excerpts

Similar Papers

Loading similar papers…