Are Preferences for Skewness Fixed or Fungible

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Todd Cherry Ph.D., Professor (Creator)
Appalachian State University (ASU )
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Abstract: Are individual preferences for skewness fixed or fungible? Using preference reversals as a case study, we find evidence that preferences remained stable as reversals disappear due to arbitrage across both market-like and non-market contexts.

Additional Information

Todd L. Cherry, Sara Gunnarsson, & Jason F. Shogren (2003) "Are Preferences for Skewness Fixed or Fungible" Economic Letters Volume 80 Issue 1 pp.113-121 [DOI: 10.1016/S0165-1765(03)00034-X] Version of Record Available From (
Language: English
Date: 2003
arbitrage, preferences, skewness

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