[SEQ RERUN] The Allais Paradox

by MinibearRex1 min read26th Dec 20113 comments

3

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Today's post, The Allais Paradox was originally published on 19 January 2008. A summary (taken from the LW wiki):

 

Offered choices between gambles, people make decision-theoretically inconsistent decisions.


Discuss the post here (rather than in the comments to the original post).

This post is part of the Rerunning the Sequences series, where we'll be going through Eliezer Yudkowsky's old posts in order so that people who are interested can (re-)read and discuss them. The previous post was Trust in Math, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.

Sequence reruns are a community-driven effort. You can participate by re-reading the sequence post, discussing it here, posting the next day's sequence reruns post, or summarizing forthcoming articles on the wiki. Go here for more details, or to have meta discussions about the Rerunning the Sequences series.