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Survival through the Allais paradox |
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| Authors: | Ole Hagen |
| Affiliation: | (1) Norwegian School of Management, N-1340 Sandvika, Norway |
| Abstract: | This paper investigates the allegation that behavior such as the Allais Paradox reduces the probability of survival. Examples are demonstrated where maximizing probability of survival in two choice situations imply a set of choices that add up to the Allais Paradox. |
| Keywords: | Allais paradox decisions under risk survival |
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