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* 6 Results

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    • Publications (6)
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    • Working Paper (3)
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    • Global Cooperation and Social Cohesion (5)
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  • Tags: coalescing
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  1. Publication

    Testing Independence Conditions in the Presence of Errors and Splitting Effects

    01.03.2010

    This paper presents an experimental test of several independence conditions implied by expected utility and alternative models. We perform a repeated choice experiment and fit an error model that allows us to discriminate between true violations of...

  2. Publication

    The Impact of Learning by Thought on Violations of Independence and Coalescing

    01.10.2015

    The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same choice problems in several rounds. We investigate how behavior changes in the course of the experiment. The design focuses on choice...

  3. Publication

    Allais Paradoxes Can be Reversed by Presenting Choices in Canonical Split Form

    01.03.2010

    This paper tests Birnbaum’s (2004) theory that the constant consequence paradoxes of Allais are due to violations of coalescing, the assumption that when two branches lead to the same consequence, they can be combined by adding their probabilities. ...

  4. Publication

    Testing Independence Conditions in the Presence of Errors and Splitting Effects

    01.02.2017

    This paper presents an experimental test of several independence conditions implied by expected utility and alternative models. We perform a repeated choice experiment and fit an error model that allows us to discriminate between true violations of...

  5. Publication

    Reconsidering the common ratio effect: The roles of compound independence, reduction, and coalescing

    11.10.2014

    Common ratio effects should be ruled out if subjects' preferences satisfy compound independence, reduction of compound lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio...

  6. Publication

    Reconsidering the common ratio effect: The roles of compound independence, reduction, and coalescing

    01.06.2014

    Common ratio effects should be ruled out if subjects' preferences satisfy compound independence, reduction of compound lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio...

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