Preferences for skewness: evidence from a binary choice experiment

2011 ◽  
Vol 17 (7) ◽  
pp. 525-538 ◽  
Author(s):  
Tobias Brünner ◽  
René Levínský ◽  
Jianying Qiu
2007 ◽  
Vol 25 (8) ◽  
pp. 685-693 ◽  
Author(s):  
Paul Tappenden ◽  
John Brazier ◽  
Julie Ratcliffe ◽  
James Chilcott

2021 ◽  
Author(s):  
Peter D. Kvam ◽  
Konstantina Sokratous ◽  
Gabriela Johnson ◽  
Shu Ting Lin ◽  
Emily Unruh

Preference reversals in risky choice -- where people favor low-risk prospects in binary choice but assign higher prices to high-risk prospects -- have led to models of response processes that differentiate pricing from choice. Theories of intertemporal choice do not distinguish between response processes, assuming instead that eliciting choices or prices will lead to the same inferences about people’s preferences for delayed outcomes. Here, we show that this assumption is incorrect. Participants in a price-choice experiment showed systematic preferences for smaller-sooner (SS) over larger-later (LL) options in binary choice, but reversed this apparent preference by pricing the exact same LL options higher than the SS options. This reversal in pricing results in less impulsive behavior, suggesting that pricing frames may reduce choice impulsivity. To explain these diverging price and choice findings in a common framework, we propose a variant of a pricing model from risky choice that accommodates these effects.


Insects ◽  
2021 ◽  
Vol 12 (6) ◽  
pp. 493
Author(s):  
Charlotte Descamps ◽  
Anne Jambrek ◽  
Muriel Quinet ◽  
Anne-Laure Jacquemart

(1) Background: Plants attract pollinators using several visual signals, mainly involving the display, size, shape, and color of flowers. Each signal is relevant for pollinators foraging for floral rewards, pollen, and nectar. Changes in floral signals and rewards can be induced by an increase in temperature, drought, or other abiotic stresses and are expected to increase as global temperatures rise. In this study, we explored how pollinators respond to modified floral signals and rewards following an increase in temperature; (2) Methods: We tested the effects of warmer temperatures on bee-pollinated starflower (Borago officinalis, Boraginaceae) and determined the behavior of one of its main pollinators, the buff-tailed bumblebee (Bombus terrestris). We measured visual floral traits (display and size) and rewards (nectar and pollen) for plants cultivated at 21 °C or 26 °C. We investigated bumblebee behavior by tracking insect visits in a binary choice experiment in an indoor flight arena; (3) Results: Plants cultivated at 26 °C exhibited a smaller floral area (i.e., corolla sizes summed for all flowers per plant, 34.4 ± 2.3 cm2 versus 71.2 ± 2.7 cm2) and a greater flower height (i.e., height of the last inflorescence on the stem, 87 ± 1 cm versus 75 ± 1 cm) compared to plants grown at 21 °C. Nectar production per flower was lower in plants grown at 26 °C than in plants grown at 21 °C (2.67 ± 0.37 µL versus 4.15 ± 0.22 µL), and bumblebees visited flowers from plants grown at 26 °C four times less frequently than they visited those from plants grown at 21 °C; (4) Conclusions: These results show that warmer temperatures affect floral signals and reduce overall floral resources accessible to pollinators. Thus, the global increases in temperature caused by climate change could reduce plant pollination rates and reproductive success by reducing flower visitation.


2019 ◽  
Vol 111 (7) ◽  
pp. 1243-1260 ◽  
Author(s):  
Alex Roach ◽  
Bruce K. Christensen ◽  
Elizabeth Rieger

2019 ◽  
Author(s):  
Y Peters ◽  
E van Grinsven ◽  
M van de Haterd ◽  
D van Lankveld ◽  
J Verbakel ◽  
...  

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