Problem naruszania zasad teorii oczekiwanej użyteczności na przykładzie paradoksu Allais

• Authors: Agata Gluzicka

Title variants

EN

The Allais Paradox as an Example of the Incompatibility with the Expected Utility Theory

• Languages of publication: PL

Abstracts

EN

Theorems about the rational decision making play very important role in the decision theory. According to these theorems people make their decisions by using the rule about maximum benefits. However in the literature we can find conclusions from research and experiments which indicate that when people are making decisions, they are very often breaking that rule about maximum profits. According to that research a few paradoxes of rationality were formulated. In this article experiments concerning the Allais paradoxes are analyzed. The incompatibility between paradox and the expected utility theory were discussed. Also the certainty effect and the common consequence effect were analyzed.

Keywords

PL

Podejmowanie decyzji; Teoria oczekiwanej użyteczności

EN

Decision making; Expected utility theory

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 135
• Pages: 51-63

Contributors

author

Agata Gluzicka

References

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Identifiers

ISSN

2083-8611