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Dataset from an experiment on transitivity.

Jorge Guadalupe-Lanas1, Verónica Artola-Jarrín2, Jorge Cruz-Cárdenas3,4

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Summary
This summary is machine-generated.

This study examines consumer preference transitivity in experimental economics. Findings reveal how budget changes and income shifts impact consistent choices across diverse demographics.

Keywords:
Consumer preferences patternsEdible and nonedible goodsPreference reversal phenomenon

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Area of Science:

  • Experimental economics
  • Consumer behavior research
  • Decision-making under constraints

Background:

  • Experimental economics utilizes laboratory methods to analyze human interactions in social contexts.
  • Evaluating the transitivity of consumer preferences is crucial for understanding economic decision-making.

Purpose of the Study:

  • To assess the transitivity of consumer preferences under varying economic conditions.
  • To investigate how factors like budget restrictions, price changes, and income alterations influence preference consistency.

Main Methods:

  • An experiment was conducted in two phases: a pilot phase for instrument calibration and a main phase.
  • The main experiment involved 70 subjects from Ecuador's central bank and Catholic University.
  • Data were collected on consumer choices across three scenarios: no restrictions, budget/price changes, and decreased income.

Main Results:

  • The study analyzed preference transitivity across diverse demographic groups (gender, employment, age, economic position).
  • Results provide insights into how different economic situations affect the consistency of consumer choices.
  • Data from subjects with varied characteristics were systematically recorded for preference evaluation.

Conclusions:

  • The experiment successfully generated data on consumer preference transitivity under controlled economic scenarios.
  • Findings contribute to a deeper understanding of economic behavior and decision-making processes.
  • The study highlights the impact of economic constraints on the rationality of consumer choices.