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Testing the Intransitivity Explanation of the Allais Paradox

✍ Scribed by Ebbe Groes; Hans JØrgen Jacobsen; Birgitte Sloth; Torben Tranæs

Book ID
110220771
Publisher
Springer US
Year
1999
Tongue
English
Weight
80 KB
Volume
47
Category
Article
ISSN
0040-5833

No coin nor oath required. For personal study only.

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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.