Intransitivity of preferences
From Market
This article gives a basic definition in behavioral economics.
View a complete list of basic definitions in behavioral economics
Definition
Intransitivity of preferences is a phenomenon where a person, given three alternatives ,
, and
, prefers
to
,
to
, and
to
.
References
Journal references
- Intransitivity of preferences by Amos Tversky, Psychological Bulletin, Volume 76, Page 31 - 48(Year 1969): More info
- Prospect theory: an analysis of decision under risk by Daniel Kahneman and Amos Tversky, , Volume 47,Number 2, Page 263 - 291(March 1979): JSTOR linkMore info