Placido, Laetitia; L'Haridon, Olivier - In: Economics Bulletin 4 (2008) 19, pp. 1-6
This article reports the results of an experiment which aims at providing a test of ordinal independence, a necessary property of Generalized Expected Utility theories such as Rank-Dependent Expected Utility theory (RDEU). Our experiment is based on a modified version of the Allais paradox...
