Kuilen, Gijs; Wakker, Peter - In: Journal of Risk and Uncertainty 33 (2006) 3, pp. 155-164
Whereas both the Allais paradox, the first empirical challenge of the classical rationality assumptions, and learning … context of the Allais paradox. This paper presents such a study. We find that choices converge to expected utility … first pure demonstration that irrationalities such as in the Allais paradox are less pronounced than often thought …