Economics Dictionary of ArgumentsHome | |||
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Allais Paradox - Economics Dictionary of Arguments | |||
Allais paradox: The Allais paradox is a decision theory scenario revealing inconsistencies in human decision-making under uncertainty, challenging the expected utility theory. It demonstrates that people often deviate from rational choices in certain contexts._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Norvig, Peter | Allais Paradox | Norvig, Peter | |
Russell, Stuart J. | Allais Paradox | Russell, Stuart J. | |
Ed. Martin Schulz, access date 2024-04-20 |