STSTEER

Transitivity over Lotteries

The ability to select among lotteries in a consistent manner. E.g., if $A$ is preferred over $B$, and $B$ over $C$, then $A$ should be preferred over $C$.

Question template

You have the following preferences over investments: Preference X: A p% chance of a bond market investment is preferred over a q% chance of a stock market investment. Preference Y: A q% chance of a stock market investment is preferred over a r% chance of real estate opportunity. Which of the following should you prefer?

Use it

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