Talk:Bestiary of Behavioral Economics/Preference Reversal

Review May 5
This is a good description of what's in those two papers. Here's some suggestions to try to make it better:
 * See if you can do an overall introduction to the idea--you can do this without references, but I think using an example from the Predictably Irrational book would fit well with the introduction. Do this before you get to the specific studies by List & Hsee et al.
 * Try to get something in there about revealed preference and WARP.
 * I know List starts his paper off by talking about Bentham and Mill, but I for this page, I'm afraid that gives it the feeling that the idea is out-of-date. It's still very much alive and essential, as seen by our using revealed preference in class. Maybe rephrase it some so it makes it clear that current economic theory precludes preference reversals.
 * ``Riskless Choice'' is most of what we have been studying, and probably doesn't need to be highlighted much. I think List was trying to make sure that his discussion didn't get confused with preference reversal discussion which has to do with risky choice, since economists mostly (now) accept that choice about risky things is ... weird.

This is a terrific start--most of the way to being a terrific finish. TDang (discuss • contribs) 19:28, 5 May 2012 (UTC)