Implications of salience theory: Does the independence axiom always hold under uncertainty?
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More about this item
Keywords
Models of decision-making under risk and uncertainty; Allais paradox; Independence axiom; Salience theory;All these keywords.
JEL classification:
- 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-UPT-2018-11-26 (Utility Models and Prospect Theory)
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