The Allais paradox is a choice problem designed by Maurice Allais (1953) to show an inconsistency of actual observed choices with the predictions of expected...

the ambiguity neutrality, established within both the Ellsberg Paradox and Allais Paradox. Other alternative explanations include the competence hypothesis...

that he decides to make the economy. Allais died at his home in Saint-Cloud, near Paris, at the age of 99. Allais considered Léon Walras, Wilfredo Pareto...

if everyone did the same. These paradoxes are classified into circuit, classical and Marx paradoxes. Allais paradox: A change in a possible outcome that...

NJ: Princeton University Press. Allais, M.; Hagen, G. M. (2013). Expected Utility Hypotheses and the Allais Paradox: Contemporary Discussions of the...

auctioneer is expected to increase its revenue when bidders exhibit the Allais paradox. This expectation is because bidders already have bidding preferences...

utility theory. These problems are usually referred to as the Allais paradox and Ellsberg paradox. Beginning in 1979 with the publication of the prospect theory...

Disappointment aversion has been posited as one explanation for the Allais paradox, a problematic response in expected utility theory wherein people prove...

A paradox is a logically self-contradictory statement or a statement that runs contrary to one's expectation. It is a statement that, despite apparently...

faced with the same problem framed in two different ways (see also Allais paradox). Rational decision-making is a multi-step process for making choices...

during a solar eclipse Allais paradox, choice problem designed by Maurice Allais This page lists people with the surname Allais. If an internal link intending...

ISSN 0304-4076. S2CID 33410487. Allais M, Hagen O, eds. (1979). Expected Utility Hypotheses and the Allais Paradox. Dordrecht: Springer Netherlands....

under uncertainty, designed to explain the behaviour observed in the Allais paradox, as well as for the observation that many people both purchase lottery...

risk averseness for logarithmic utilities and the ability to explain Allais paradox. Regret aversion is not only a theoretical economics model, but a cognitive...

yielding to the same outcome thus ignoring decision process in that stage. Allais paradox Certainty effect Loaded question Loss aversion Tversky, A.; Kahneman...

measured with capacities is a way to reconcile the Ellsberg paradox and the Allais paradox. Multiobjective optimization problems seek Pareto optimal solutions...

correctly predict classic violations of expected utility theory such as the Allais paradox, the four-fold pattern, the certainty effect, the possibility effect...

death of one man is a tragedy, the death of millions is a statistic. Allais paradox Availability heuristic Informational cascade Reuters Viral as Anecdotal...

sure-thing principle. It is similarly targeted by the Ellsberg and Allais paradoxes, in which actual people's choices seem to violate this principle. Decision...

with) several of the major violations simultaneously, including the Allais paradox and the fourfold pattern (Katsikopoulos & Gigerenzer, 2008). Gigerenzer...

the work of Allais in 1953 and Ellsberg in 1961. They discovered the Allais paradox and the Ellsberg paradox, respectively. Both paradoxes show that choices...

The preparedness paradox is the proposition that if a society or individual acts effectively to mitigate a potential disaster such as a pandemic, natural...

predictive accuracy in a set of lab based empirical experiments, such as the Allais paradox. Savage's subjective expected utility model Anscombe-Aumann subjective...

Supérieure des Mines de Paris Paris Nanterre University OLG model, Allais paradox, Golden Rule savings rate 1989 Trygve Haavelmo (1911–1999)  Norway "for...

utility function. However, configural weight theories, motivated by the Allais paradox, show that subjective probability may depend both on the objective probability...

risk-taking increased. Pseudocertainty effect Framing effect Prospect theory Allais paradox Tversky, Amos; Kahneman, Daniel (1981). "The Framing of decisions and...

per-unit amount decreases the relative price of the higher-grade product. Allais paradox A choice problem showing an inconsistency of actual observed choices...

A. & Panchenko, V. (2022). "On the Experimental Robustness of the Allais Paradox". American Economic Journal - Microeconomics, 14 (1), pp. 143–163. Ortmann...

risk and uncertainty which accounted for choice behaviour such as the Allais Paradox. David Krantz wrote the formal proof to prospect theory using the theory...

measurement of income inequality and decision theory resolving the Allais paradox". Econometrica, 51 (4), pp. 1065-1092. Chew, S. H.; Karni, E. & Z. Safra...