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Allais’s Paradox

  • Leonard Savage
Part of the Springer Graduate Texts in Philosophy book series (SGTP, volume 1)

Abstract

Introspection about certain hypothetical decision situations suggests that the sure-thing principle and, with it, the theory of utility are normatively unsatisfactory. Consider an example based on two decision situations each involving two gambles.

References

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  • Leonard Savage
    • 1
  1. 1.Princeton UniversityNew YorkUSA

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