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

@inproceedings{Cason2013MisconceptionsAG,
  title={Misconceptions and Game Form Recognition : Challenges to Theories of Revealed Preference and Framing},
  author={Timothy N. Cason and Charles R. Plott},
  year={2013}
}
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
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