Revealed preferences between lotteries can be asymmetrically reversed across choice and valuation. The ongoing debate is whether the procedure-invariance principle is violated. This research presents a parsimonious theory to reconcile asymmetric preference reversals with procedure invariance. When risk attitude is ex ante imperfectly known, preference-eliciting procedures can endogenously influence revealed preferences through affecting the incentive for information retrieval/acquisition (i.e., deliberation). As predicted, when lottery pairing was known, experiment participants exhibited substantially less asymmetric reversals by stating mean-preserving and more dispersed valuations. Therefore, the endogeneity of asymmetric preference reversals can be substantiated.

彩票之间显示的偏好可以在选择和估值之间不对称地逆转。正在进行的辩论是是否违反了程序不变性原则。这项研究提出了一种简约的理论来协调不对称偏好逆转与过程不变性。当风险态度事先不完全了解时，偏好引发程序可以通过影响信息检索/获取（即商议）的激励来内生地影响显示的偏好。正如预测的那样，当知道彩票配对时，实验参与者通过声明均值保留和更分散的估值而表现出的不对称逆转显着减少。因此，可以证实不对称偏好逆转的内生性。