Contrary to classical economics the Allais Paradox shows people seem NOT to change their decisions without changing

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Contrary to classical economics the Allais Paradox shows people seem NOT to change their decisions without changing relative differences between options. Example: Adding $1 Million to all options doesn't change relative differences between options and therefore does not change decisions

Posted Date: Jun 13, 2024 06:19 AM

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Contrary to classical economics the Allais Paradox shows people seem NOT to change their decisions without changing

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