Testing Expected Utility in the Presence of Errors
通过重复三次呈现相同选择问题的实验，发现排除误差后期望效用理论的违反率显著下降，支持了期望效用加误差项的解释。
One possible conclusion from recent experimental research on decision making under risk is that observed behaviour can be reasonably accommodated by expected utility plus an error term. This conclusion implies that the violation rate of expected utility should decrease if errors are excluded. This article reports on an experiment which investigates this implication by presenting the same choice problems to subjects three times. The results show that the exclusion of errors leads to a significant reduction of the violation rate for most of the cases. This observation can be regarded as supporting evidence for expected utility plus error term. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.