modifying the timing of the draw, coin flip, and decision, we are able to test the reversal-of-order axiom, particularly as it … setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be …

modifying the timing of the draw, coin flip, and decision, we are able to test the reversal-of-order axiom, particularly as it … setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be …