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.
Original language | English (US) |
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Pages (from-to) | 40-68 |
Number of pages | 29 |
Journal | Journal of Political Economy |
Volume | 125 |
Issue number | 1 |
DOIs | |
State | Published - Feb 2017 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics