Three Variants on the Allais Example

作者: John Conlisk

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摘要: Three variants on the famous Allais example were administered to student subjects. Two involved small changes in example, yet greatly diminished qualitative behavior known as Paradox. The third variant is almost a direct test of Daniel Kahneman and Amos Tversky's certainty effect against Mark Machina's fanning out hypothesis; results favor over hypothesis for at least case straight line indifference curves. Copyright 1989 by American Economic Association.

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