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On the Measurement of Strength of Preference in Units of Money

  • Published:2014-04-04 Issue: Volume:90 Page:1-15
  • ISSN:0013-0249
  • Container-title:Economic Record
  • language:en
  • Short-container-title:Econ Rec

Author:

Butler David1,Isoni Andrea2,Loomes Graham2,Navarro-Martinez Daniel3

Affiliation:

1. School of Management and Governance; Murdoch University; Perth Western Australia Australia

2. Behavioural Science Group; Warwick Business School; Coventry UK

3. Department of Economics and Business; Pompeu Fabra University; and Barcelona Graduate School of Economics; Barcelona Spain

Publisher

Wiley

Subject

Economics and Econometrics

Reference20 articles.

1. Experimental Economics

2. Measuring Utility by a Single-Response Sequential Method;Becker;Behavioral Science,1964

3. Evidence Against Rank-Dependent Utility Theories: Tests of Cumulative Independence, Interval Independence, Stochastic Dominance, and Transitivity;Birnbaum;Organizational Behavior and Human Decision Processes,1999

4. Models of Stochastic Choice and Decision Theories: Why Both Are Important for Analyzing Decisions;Blavatskyy;Journal of Applied Econometrics,2010

5. What Lies Beneath? Systematic Intransitive Tendencies Revealed by Strength of Preference Measures;Butler;Mimeo,2012

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1. Consciously stochastic in preference reversals;Journal of Risk and Uncertainty;2024-05-31

2. Experimental Evidence on Socioeconomic Differences in Risk‐Taking and Risk Premiums;Economic Record;2020-05-28

3. Elicitation and modelling of imprecise utility of health states;Theory and Decision;2019-05-18

4. Preference Studies and Welfare;Stress and Animal Welfare;2019

5. Boundedly rational expected utility theory;Journal of Risk and Uncertainty;2018-12
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