The Troika paradox

In three binary choice problems, people reveal a choice pattern which falsifies expected utility theory and many generalized non-expected utility theories. This new paradox challenges popular non-expected utility models analogously to how the Allais paradox challenged neoclassical expected utility theory.

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Year of publication:	2012
Authors:	Blavatskyy, Pavlo R.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 2, p. 236-239
Publisher:	Elsevier
Subject:	Risk \| Expected utility \| Non-expected utility \| Risk aversion \| Preference reversal

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Type of publication:	Article
Classification:	C91 - Laboratory, Individual Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D03 - Behavioral Economics; Underlying Principles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572232