• DOI:10.1007/BF00213259
Corpus ID: 154386816

Testing between alternative models of choice under uncertainty: Some initial results

@article{Battalio1990TestingBA,
  title={Testing between alternative models of choice under uncertainty: Some initial results},
  author={R. Battalio and J. Kagel and Komain Jiranyakul},
  journal={Journal of Risk and Uncertainty},
  year={1990},
  volume={3},
  pages={25-50}
}

R. Battalio, J. Kagel, Komain Jiranyakul

Published 1990

Economics

Journal of Risk and Uncertainty

Experiments have identified a number of well-known violations of expected utility theory, giving rise to alternative models of choice under uncertainty, all of which are able to explain these violations. In this article, predictions of several prominent rival formulations are examined. No single alternative consistently organizes choices. Among the more important inconsistencies, we identify conditions generating systematic fanning in of indifference curves in the unit probability triangle, and… CONTINUE READING

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