Learning in the Allais paradox

DOI10.1007/S11166-006-0390-3MaRDI QIDQ867126zbMATH OpenOpenAlexFDO

Authors Gijs van de Kuilen, Peter P. Wakker

Publication date 14 February 2007

Published in Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11166-006-0390-3

zbMATH Keywords

Allais paradoxlearningnonexpected utilityrational choice

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Experimental studies (91A90) Social choice (91B14)

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Cites work

• A microeconometric test of alternative stochastic theories of risky choice
• Advances in prospect theory: cumulative representation of uncertainty
• Are groups more (or less) consistent than individuals?
• Does learning diminish violations of independence, coalescing and monotonicity?
• Experience-weighted Attraction Learning in Normal Form Games
• scientific article; zbMATH DE number 1907684 (Why is no real title available?)
• Imitation and Belief Learning in an Oligopoly Experiment
• Informational asymmetries and observational learning in search
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Neoclassical Theory Versus Prospect Theory: Evidence from the Marketplace
• On the validity of the random lottery incentive system
• Prospect Theory: An Analysis of Decision under Risk
• The framing of decisions and the psychology of choice
• The Predictive Utility of Generalized Expected Utility Theories
• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses
• Which error story is best?

Cited in

(18)

• Learning to open Monty Hall's doors
• Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs
• Do financial professionals behave according to prospect theory? An experimental study
• Testing the intransitivity explanation of the Allais Paradox
• Expected utility theory with probability grids and preference formation
• Passive learning: a critique by example
• The reverse Allais paradox
• Does learning diminish violations of independence, coalescing and monotonicity?
• The efficiency of top agents: an analysis through service strategy in tennis
• scientific article; zbMATH DE number 2080665 (Why is no real title available?)
• LEARNING AND THE GREAT MODERATION*
• The impact of learning by thought on violations of independence and coalescing
• scientific article; zbMATH DE number 940828 (Why is no real title available?)
• A simple test of expected utility theory using professional traders
• Who accepts Savage's axiom now?
• Revealing preference discovery: a chronological choice framework
• The normative force of savage's axiom and the Allais paradoxes: more evidence
• Subjective probability weighting and the discovered preference hypothesis

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