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Allais paradox in the small

โœ Scribed by Chinn-Ping Fan

Book ID
117349925
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
130 KB
Volume
49
Category
Article
ISSN
0167-2681

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This paper investigates the allegation that behavior such as the Allais Paradox reduces the probability of survival. Examples are demonstrated where maximizing probability of survival in two choice situations imply a set of choices that add up to the Allais Paradox.