Interview Conducted by Dr. Sarah Lichtenstein

The Appendix to Chapter 3 of The Construction of Preference includes a previously unpublished transcript from a half-hour post-experimental interview that occurred in May 1968. The experiment is described in the chapter. In this audio excerpt from the interview, the subject is being questioned about the reversal inherent in his bids for and choices of the two bets shown in the table below.

He chose Bet B over Bet A on three replications. He also bid three times for Bet A and three times for Bet B, as shown in the table.

Listen to the excerpt: