"Preference Reversal" and the Observability of Preferences by Experimental Methods
证明偏好反转现象可与传递性偏好一致，前提是这些偏好违背期望效用理论的独立性公理；并指出在用于产生偏好反转证据的实验中，仅当受访者偏好可由概率线性泛函表示时才能引出确定性等价。
This paper shows that: (1) the preference reversal phenomenon can be consistent with transitive preferences if these preferences violate the independence axiom of expected utility theory and (2) for the class of experiments that were used to produce the evidence concerning preference reversal, the elicitation of certainty equivalents is possible if, and only if, the respondent's preferences can be represented by functionals that are linear in the probabilities. Furthermore, a more general class of experiments is not immune to preference reversal if nonexpected utility preferences are admitted. Copyright 1987 by The Econometric Society.