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- W1968209218 abstract "One of the most notable counterexamples to expected utility theory is the “Allais paradox” (M. Allais, 1953, Econometrica, 31, 503–546). A number of alternative theories have been proposed in an attempt to resolve this paradox, notably including Karmarkar, 1978, Karmarkar, 1979, 24, 67–72). It is shown that SWU theory necessarily involves violations of dominance, but that the theory can be modified to avoid these violations. The result is a special case of J. Quiggin's anticipated utility theory (1982, Journal of Economic Behaviour and Organisation, 3, 323–343)." @default.
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- W1968209218 date "1985-02-01" @default.
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- W1968209218 title "Subjective utility, anticipated utility, and the Allais paradox" @default.
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- W1968209218 doi "https://doi.org/10.1016/0749-5978(85)90046-9" @default.
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