How Real is Hypothetical? A High-Stakes Test of the Allais Paradox
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More about this item
Keywords
high stakes; real and hypothetical incentives; Allais paradox; Expected Utility;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2024-09-09 (Cognitive and Behavioural Economics)
- NEP-EVO-2024-09-09 (Evolutionary Economics)
- NEP-EXP-2024-09-09 (Experimental Economics)
- NEP-UPT-2024-09-09 (Utility Models and Prospect Theory)
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