Titlebook: Expected Utility Hypotheses and the Allais Paradox; Contemporary Discuss Maurice Allais,Ole Hagen Book 1979 Springer Science+Business Media

faction

Utility Theory: Axioms Versus ‘Paradoxes’ion of the utility axioms, the rate can fall drastically as the probability and pay-off parameters are varied away from critical levels..To provide a better understanding of the implications of the axioms and their relationship to some of the decision ‘paradoxes’, we have stated the implications as

Ondines-curse

The Foundations of a Positive Theory of Choice Involving Risk and a Criticism of the Postulates and ique des Postulats et Axiomes de L’Ecole Americaine’ which was published in French as Memoir III annexed to ., Colloques Internationaux du Centre National de la Recherche Scientifique, Vol. XL, Paris, 1953, pp.257–332 (see p.447 below).