Mar 20, 2015

In Press: Transitivity in Context

Shlomi Sher, Craig McKenzie, and I have a new ARTICLE IN PRESS at Decision. Here's the short abstract:

Classic experiments led researchers to conclude that preferences are sometimes intransitive. On the basis of advances in statistical inference, it has recently been argued that there is a lack of evidence to warrant this conclusion. In a novel experimental paradigm, we provide evidence for intransitive cycles which holds up against the new standards derived from these mathematical advances. We argue that these intransitive cycles result from rational information processing, however, and that they are not “irrational.” This suggests a modified view of the relations between rationality, transitivity, and choice behavior.