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- W3125566377 abstract "The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theoriesi?½ stochastic expected utility theory (Blavatskyy, 2007) and perceived relative argument model (Loomes, 2008)i?½predicted the existence of a reverse common ratio effect. However, these theories can rationalize only one part of the new experimental data reported in this paper. The other part appears to be neither predicted by existing theories nor documented in the existing empirical studies." @default.
- W3125566377 created "2021-02-01" @default.
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- W3125566377 date "2010-02-01" @default.
- W3125566377 modified "2023-09-27" @default.
- W3125566377 title "Reverse Common Ratio Effect" @default.
- W3125566377 hasPublicationYear "2010" @default.
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