Boundary effects in the Marschak-Machina triangle
This paper presents the results of a study that sheds new light on the shape of indifference curves in the Marschak-Machina triangle. The most important observation, obtained non-parametrically, concerns jumps in indifference curves at the triangle legs towards the triangle origin. These jumps, howe...
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2018-11-01
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| Series: | Judgment and Decision Making |
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| Online Access: | http://journal.sjdm.org/15/15517/jdm15517.pdf |