Welcome to the new version of CaltechAUTHORS. Login is currently restricted to library staff. If you notice any issues, please email coda@library.caltech.edu
Published February 2017 | Published + Supplemental Material
Journal Article Open

Stochastic Choice and Preferences for Randomization

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
Files (13.4 MB)
Name Size Download all
md5:92de308ea02195f145f7778a89e4e134
11.7 MB Preview Download
md5:66cf7ec1f1785b347bb1b32daae8663b
621.1 kB Preview Download
md5:d40867c8e44b48c13184e888aaadbec8
1.0 MB Preview Download

Additional details

Created:
August 19, 2023
Modified:
October 25, 2023