STSTEER

Independence over Lotteries

The ability to remain consistent in preferences between pairs of lotteries regardless of the presence of other alternatives. E.g., if $A$ is preferred to $B$, introducing a third lottery $C$ should not change this preference.

Question template

You prefer a stock market investment over a bond market investment. You are now given the following options: Option second which is a p% probability of getting a bond market investment and a q% probability of getting a real estate investment, versus Option first, a p% probability of getting a stock market investment and a q% probability of getting a real estate investment. Which choice would be consistent with your previous preference?

Use it

from datasets import load_dataset
ds = load_dataset("narunraman/steer", "independence_risk")