Animals' Choices Over Uncertain Outcomes: Further Experimental Results

An experiment with rats was set up to test for fanning out and linearity of indifference curves in the unit probability triangle. After adapting standard Allais-type common ratio manipulations to rats, the results show clear and systematic Allais-type violations of the independence axiom of expected...

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Veröffentlicht in:	The Economic journal (London) 1991-09, Vol.101 (408), p.1067-1084
Hauptverfasser:	MacDonald, Don N., Kagel, John H., Battalio, Raymond C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Animal behavior Animals Applications Behavior Choices Comparative studies Decision making models Economic theory Economic utility Expected utility Experimentation Humans Indifference curves Lotteries Observed choices Probabilities Probability Statistical analysis Statistical significance T tests Uncertainty Violations
Online-Zugang:	Volltext
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