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The Allais Paradox and its Immediate Consequences for Expected Utility Theory

Author

Listed:
  • Sophie Jallais

    (PHARE - Pôle d'Histoire de l'Analyse et des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne)

  • Pierre-Charles Pradier

    (SAMOS - Statistique Appliquée et MOdélisation Stochastique - UP1 - Université Paris 1 Panthéon-Sorbonne, MATISSE - UMR 8595 - Modélisation Appliquée, Trajectoires Institutionnelles et Stratégies Socio-Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

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Suggested Citation

  • Sophie Jallais & Pierre-Charles Pradier, 2005. "The Allais Paradox and its Immediate Consequences for Expected Utility Theory," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00311396, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00311396
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    Cited by:

    1. Franz Dietrich & Antonios Staras & Robert Sugden, 2021. "Savage’s response to Allais as Broomean reasoning," Journal of Economic Methodology, Taylor & Francis Journals, vol. 28(2), pages 143-164, April.
    2. Sophie Jallais & Pierre-Charles Pradier & David Teira, 2008. "Facts, Norms and Expected Utility Functions," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274361, HAL.
    3. Pierre-Charles Pradier, 2006. "De usu artis conjectandi in jure : quid de oeconomia (politica) ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274325, HAL.
    4. Floris Heukelom, 2011. "Behavioral Economics," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 2, Edward Elgar Publishing.
    5. Ivan Moscati, 2016. "Retrospectives: How Economists Came to Accept Expected Utility Theory: The Case of Samuelson and Savage," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 219-236, Spring.
    6. Franz Dietrich & Antonios Staras & Robert Sugden, 2021. "Savage’s response to Allais as Broomean reasoning," Journal of Economic Methodology, Taylor & Francis Journals, vol. 28(2), pages 143-164, April.
    7. Zappia, Carlo, 2021. "Leonard Savage, The Ellsberg Paradox, And The Debate On Subjective Probabilities: Evidence From The Archives," Journal of the History of Economic Thought, Cambridge University Press, vol. 43(2), pages 169-192, June.
    8. Floris Heukelom, 2007. "Kahneman and Tversky and the Origin of Behavioral Economics," Tinbergen Institute Discussion Papers 07-003/1, Tinbergen Institute.

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    Keywords

    The Allais Paradox;

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