Allais paradox — The Allais paradox is a choice problem designed by Maurice Allais to show an inconsistency of actual observed choices with the predictions of expected utility theory. Contents 1 Statement of the Problem 2 Mathematical proof of inconsistency 2.1… … Wikipedia
Allais paradox — A paradox in decision theory. Suppose you are offered a choice between two gambles: Gamble 1: $500,000 with probability of 1 Gamble 2: $2,500,000 with probability 0.1; $500,000 with probability 0.89; $0, with probability 0.01. Many people will… … Philosophy dictionary
Paradox — Ein Paradoxon oder Paradox (altgriechisch παράδοξον, von παρα , para – gegen und δόξα, dóxa – Meinung, Ansicht), auch Paradoxie (παραδοξία) und in der Mehrzahl Paradoxa g … Deutsch Wikipedia
Maurice Allais — Walrasian economics Born 31 May 1911(1911 05 31) Paris … Wikipedia
Maurice Allais — Pour les articles homonymes, voir Allais. Maurice Félix Charles Allais Maurice Félix Charles Allais en 2001 … Wikipédia en Français
Ellsberg paradox — The Ellsberg paradox is a paradox in decision theory and experimental economics in which people s choices violate the expected utility hypothesis.Citation |last=Ellsberg|first=Daniel|authorlink=Daniel Ellsberg|journal=Quarterly Journal of… … Wikipedia
Maurice Allais — A French economist who won the 1988 Nobel Prize in Economics for his research on market equilibrium and efficiency. He also won a prestigious French award, the Gold Medal of the National Center for Scientific Research; developed methods that… … Investment dictionary
Ellsberg-Paradox — Das Ellsberg Paradoxon ist ein aus der Entscheidungstheorie bekanntes Phänomen der Entscheidung unter Unsicherheit. Wenn Menschen sich zwischen zwei Optionen entscheiden müssen, und nur bei einer Option die Wahrscheinlichkeitsverteilung bekannt… … Deutsch Wikipedia
Behavioral economics — and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors,… … Wikipedia
Disappointment — For other uses, see Disappointment (disambiguation). Disappointment expressed by a team of American football players commiserating after a defeat. Disappointment is the feeling of dissatisfaction that follows the failure of expectations or hopes… … Wikipedia
List of paradoxes — This is a list of paradoxes, grouped thematically. Note that many of the listed paradoxes have a clear resolution see Quine s Classification of Paradoxes.Logical, non mathematical* Paradox of entailment: Inconsistent premises always make an… … Wikipedia