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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
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
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
