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Contrary to classical economics the Allais Paradox shows people seem to change their decisions without changing relative differences between options. Example: Adding $1 Million to
Contrary to classical economics the Allais Paradox shows people seem to change their decisions without changing relative differences between options. Example: Adding $1 Million to all options doesn't change relative differences between options but changes decisions
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
