The Troika paradox

被引:5
作者
Blavatskyy, Pavlo R.
机构
关键词
Risk; Expected utility; Non-expected utility; Risk aversion; Preference reversal; PREFERENCE REVERSAL; PROSPECT-THEORY; UTILITY; RISK; UNCERTAINTY; DECISIONS; AVERSION; CHOICES;
D O I
10.1016/j.econlet.2011.12.042
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:236 / 239
页数:4
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