Allais for all: Revisiting the paradox in a large representative sample

Abstract

We administer the Allais paradox questions to both a representative sample of the Dutch population and to student subjects. Three treatments are implemented: one with the original high hypothetical payoffs, one with low hypothetical payoffs and a third with low real payoffs. Our key findings are: (i) violations in the non-lab sample are systematic and a… (More)

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Cite this paper

@inproceedings{Huck2012AllaisFA, title={Allais for all: Revisiting the paradox in a large representative sample}, author={Steffen Huck and Wieland M{\"u}ller}, year={2012} }