Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10011939646
This paper tests Birnbaum’s (2004) theory that the constant consequence paradoxes of Allais are due to violations of coalescing, the assumption that when two branches lead to the same consequence, they can be combined by adding their probabilities. Rank dependent utility and cumulative...
Persistent link: https://www.econbiz.de/10003950768
Persistent link: https://www.econbiz.de/10012240245
Persistent link: https://www.econbiz.de/10011568486
Persistent link: https://www.econbiz.de/10011804642