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The Troika paradox

Blavatskyy, P.R. (2012) The Troika paradox. Economics Letters, 115 (2). pp. 236-239.

Link to Published Version: http://dx.doi.org/10.1016/j.econlet.2011.12.042
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Abstract

In three binary choice problems, people reveal a choice pattern which falsifies expected utility theory and many generalized non-expected utility theories. This new paradox challenges popular non-expected utility models analogously to how the Allais paradox challenged neoclassical expected utility theory.

Publication Type: Journal Article
Publisher: Elsevier
Copyright: © 2011 Elsevier B.V.
URI: http://researchrepository.murdoch.edu.au/id/eprint/30536
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