Abstract
This paper presents empirical evidence somewhat supportive of the hypothesis that von Neumann-Morgenstern utility and so-called ‘introspective utility’ are intrinsically the same. In other words, this evidence is somewhat supportive of theview that the Allais Paradox and related phenomena are more apparent than real. The bearing that this evidence has on the relationship between two methods of group choice is discussed.
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Paine, N.R. Introspective utility and the group choice problem. Theor Decis 6, 357–362 (1975). https://doi.org/10.1007/BF00136202
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DOI: https://doi.org/10.1007/BF00136202