Stochastic choice and preferences for randomization

Marina Agranov, Pietro Ortoleva

Research output: Contribution to journalArticlepeer-review

98 Scopus citations

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 languageEnglish (US)
Pages (from-to)40-68
Number of pages29
JournalJournal of Political Economy
Volume125
Issue number1
DOIs
StatePublished - Feb 2017
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Stochastic choice and preferences for randomization'. Together they form a unique fingerprint.

Cite this