Journal article
The Troika paradox
Economics Letters, Vol.115(2), pp.236-239
2012
Abstract
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.
Details
- Title
- The Troika paradox
- Authors/Creators
- P.R. Blavatskyy (Author/Creator)
- Publication Details
- Economics Letters, Vol.115(2), pp.236-239
- Publisher
- Elsevier
- Identifiers
- 991005543283007891
- Copyright
- © 2011 Elsevier B.V.
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
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- Citation topics
- 6 Social Sciences
- 6.122 Economic Theory
- 6.122.1287 Risk Preferences
- Web Of Science research areas
- Economics
- ESI research areas
- Economics & Business