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Comment on “A model of probabilistic choice satisfying first-order stochastic dominance” by Pavlo Blavatskyy
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Loomes, Graham, Rodríguez-Puerta, Inmaculada and Pinto-Prades, Jose-Luis (2014) Comment on “A model of probabilistic choice satisfying first-order stochastic dominance” by Pavlo Blavatskyy. Management Science, 60 (5). pp. 1346-1350. doi:10.1287/mnsc.2013.1810
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Official URL: http://dx.doi.org/10.1287/mnsc.2013.1810
Abstract
We present examples of existing evidence that lead us to be cautious about claims made in the original paper [Blavatskyy PR (2011) A model of probabilistic choice satisfying first-order stochastic dominance. Management Sci. 57(3):542–548] that the proposed model provides a better fit to experimental data than do existing models. We raise concerns about the accuracy of this and other assertions and about the adequacy of the comparisons made with alternative models in the existing literature.
| Item Type: | Journal Article | ||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor Q Science > QA Mathematics |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Lotteries -- Mathematical models, Probabilities | ||||||
| Journal or Publication Title: | Management Science | ||||||
| Publisher: | Institute for Operations Research and the Management Sciences (I N F O R M S) | ||||||
| ISSN: | 0025-1909 | ||||||
| Official Date: | May 2014 | ||||||
| Dates: |
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| Volume: | 60 | ||||||
| Number: | 5 | ||||||
| Page Range: | pp. 1346-1350 | ||||||
| DOI: | 10.1287/mnsc.2013.1810 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
| Funder: | Economic and Social Research Council (Great Britain) (ESRC), Spain. Ministerio de Economía y Competitividad [Ministry of Economy and Competitiveness] (MINECO), Junta de Andalucía [Board of Andalucía] | ||||||
| Grant number: | RES-051-27-0248 (ESRC), ECO2010-22041-C02-01 (MINECO), Project 2009 P09.SEJ.4992 (Junta de Andalucía [Board of Andalucía]) |
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