Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing

DOI10.1007/S11238-014-9456-XzbMATH Open1304.91061OpenAlexW2009699226MaRDI QIDQ490068FDOQ490068

Authors: Ulrich Schmidt, Christian Seidl 

Publication date: 21 January 2015

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10419/98412

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zbMATH Keywords

reductionAllais paradoxbranch splittingcoalescingcommon ratio effectcompound independenceevent splittingisolation effect

Mathematics Subject Classification ID

Decision theory (91B06) Experimental studies (91A90)

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Cited In (5)

• Causes of Allais common consequence paradoxes: an experimental dissection
• Violations of coalescing in parametric utility measurement
• Indistinguishability of small probabilities, subproportionality, and the common ratio effect
• The impact of learning by thought on violations of independence and coalescing
• The ratio bias phenomenon: fact or artifact?

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