Empirical Economics

, Volume 19, Issue 2, pp 223-253

First online:

Expected utility theory and the experiments

  • Glenn W. HarrisonAffiliated withDepartment of Economics, College of Business Administration, University of South Carolina

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The experimental evidence against expected utility theo or unconvincing. When one modifies the experiments to mi tends to support traditional theory.

JEL-Classification System-Numbers

D81 C91 B41