Publication:

Attention and salience in preference reversals

Date

Date

Date
2021
Working Paper

Citations

Citation copied

Alós-Ferrer, C., & Ritschel, A. (2021). Attention and salience in preference reversals (No. 389; Working Paper Series / Department of Economics).

Abstract

Abstract

Abstract

We investigate the implications of Salience Theory for the classical preference reversal phenomenon, where monetary valuations contradict risky choices. It has been stated that one factor behind reversals is that monetary valuations of lotteries are inflated when elicited in isolation, and that they should be reduced if an alternative lottery is present and draws attention. We conducted two preregistered experiments, an online choice study (N = 256) and an eye-tracking study (N = 64), in which we investigated salience and attention in

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Creators (Authors)

Series Name

Series Name

Series Name
Working paper series / Department of Economics

Institution

Institution

Institution

Item Type

Item Type

Item Type
Working Paper

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Dewey Decimal Classifikation

JEL Classification

JEL Classification

JEL Classification
D01
D81
D87

Keywords

Preference reversals, eye-tracking, Salience Theory

Scope

Scope

Scope
Discipline-based scholarship (basic research)

Language

Language

Language
English

Publication date

Publication date

Publication date
2021-06

Date available

Date available

Date available
2021-06-02

Number of pages

Number of pages

Number of pages
29

ISSN or e-ISSN

ISSN or e-ISSN

ISSN or e-ISSN
1664-705X

OA Status

OA Status

OA Status
Green

Other Identification Number

Other Identification Number

Other Identification Number
merlin-id:21112

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Citations

Citations

Citation copied

Alós-Ferrer, C., & Ritschel, A. (2021). Attention and salience in preference reversals (No. 389; Working Paper Series / Department of Economics).

Green Open Access
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