Blavatskyy, Pavlo R. - In: Economics Letters 119 (2013) 1, pp. 60-64
The results of a new experiment show that the Allais paradox (or, more generally, the common consequence effect) gets reversed, i.e. fanning-in choice patterns significantly outnumber fanning-out choice patterns. Revealed indifference curves fan in along the horizontal axis and hypotenuse of the...