Violation of the transitivity axiom may explain why, in empirical studies, a significant number of subjects violate GARP - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Journal of Mathematical Psychology Année : 2009

Violation of the transitivity axiom may explain why, in empirical studies, a significant number of subjects violate GARP

Résumé

Most papers using experimental data find that a significant number of agents are not utility function maximizers. Using three experimental datasets, we provide empirical evidence that these violations of utility function maximizing behavior are simply generated by a violation of the preference transitivity axiom. Moreover, we find that 97% of agents' behavior is consistent with maximization of a generalized utility function called a variable intervals function (which corresponds to a numerical representation of complete-acyclic preferences).

Dates et versions

hal-03346937 , version 1 (16-09-2021)

Identifiants

Citer

Marc-Arthur Diaye, Michal Urdanivia. Violation of the transitivity axiom may explain why, in empirical studies, a significant number of subjects violate GARP. Journal of Mathematical Psychology, 2009, 53 (6), pp.586-592. ⟨10.1016/j.jmp.2009.07.007⟩. ⟨hal-03346937⟩
12 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More