Journal article
The reverse Allais paradox
Economics Letters, Vol.119(1), pp.60-64
2013
Abstract
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 Marschak-Machina probability triangle. No significant asymmetry between fanning-in and fanning-out choice patterns is observed along the vertical axis of the probability triangle.
Details
- Title
- The reverse Allais paradox
- Authors/Creators
- P.R. Blavatskyy (Author/Creator) - Gramart strasse, 153, A-6020 Innsbruck, Austria
- Publication Details
- Economics Letters, Vol.119(1), pp.60-64
- Publisher
- Elsevier
- Identifiers
- 991005543179407891
- Copyright
- © 2013 Elsevier B.V.
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
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- 6 Social Sciences
- 6.122 Economic Theory
- 6.122.1287 Risk Preferences
- Web Of Science research areas
- Economics
- ESI research areas
- Economics & Business