Published February 2017
| Published + Supplemental Material
Journal Article
Open
Stochastic Choice and Preferences for Randomization
- Creators
- Agranov, Marina
- Ortoleva, Pietro
Abstract
We conduct an experiment in which subjects face the same questions repeated multiple times, with repetitions of two types: (1) following the literature, the repetitions are distant from each other; (2) in a novel treatment, the repetitions are in a row, and subjects are told that the questions will be repeated. We find that a large majority of subjects exhibit stochastic choice in both cases. We discuss the implications for models of stochastic choice.
Additional Information
© 2017 The University of Chicago. Electronically published December 21, 2016. We thank the editor and the anonymous referees for their many useful suggestions that significantly improved the paper. We also thank Mark Dean, David Dillenberger, Federico Echenique, Kfir Eliaz, Guillaume Fréchette, Yoram Halevy, Mark Machina, Daniel Martin, Efe Ok, Gil Riella, Kota Saito, Chris Shannon, Leeat Yariv, and participants at many seminars and conferences for helpful comments and suggestions. Ortoleva gratefully acknowledges the financial support of National Science Foundation grant SES-1156091 and of Caltech's Gordon and Betty Moore Foundation through grant GBMF1158. Data are available in a zip file.Attached Files
Published - 689774.pdf
Supplemental Material - 2015028Appendix.pdf
Supplemental Material - 2015028data.zip
Files
2015028data.zip
Additional details
- Eprint ID
- 74988
- Resolver ID
- CaltechAUTHORS:20170309-135545191
- NSF
- SES-1156091
- Gordon and Betty Moore Foundation
- GBMF1158
- Created
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2017-03-09Created from EPrint's datestamp field
- Updated
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2021-11-15Created from EPrint's last_modified field