It is an article for my experimental economy class to summary Essay

It is an article for my experimental economy class to summary - study ExampleThe standard preference demands that a specified amount of bullion has to be invested by mess to save their lives. Depending on the economy, there is the assumption that the procedure of invariance is non unique to the study of preference. evenness arises when the money is invested monthly or yearly but the money is not fully utilized. When accidents and injuries do not happen, the people who pay monthly feel that their money is being wasted causing some to except payments. Violations of transitivity arise when preference reversal implicates the payoff schemes as means of exploiting cash from desperate clients. chief(prenominal) Findings of the Article Several major findings include first, intransitivity alone accounts for a very small tidy sum of the preference reversal patterns. This means that the subjects are supposed to pay a lesser amount of money in cases where a client does not incur regular a ccidents. The irregularity where clients experience delayed pay despite claiming on time. Secondly, preference reversal is hardly affected by the payoff scheme because not attributed to the failure of expected utility theory. This means that it cannot be used to explain the violations and independency complains from clients. In addition to this, predictions that clients will get accidents cause them to pay.