The Allais paradox is a choice problem designed by Maurice Allais (1953) to show an inconsistency of actual observed choices with the predictions of expected utility theory.

What is the Allais Paradox? The Allais paradox illustrates how individuals often make decisions that violate expected utility theory, demonstrating inconsistencies in rational decision-making when faced …

Mar 21, 2024 · The Allais paradox holds significant implications for economics, psychology, and decision-making theories. It challenges the expected utility theory by demonstrating that human …

Whereas many others have scrutinized the Allais paradox from a theoretical angle, we study the paradox from an historical perspective and link our findings to a suggestion as to how decision theory …

Jun 2, 2024 · Explore the Allais Paradox, a significant challenge to expected utility theory introduced by Maurice Allais in 1953. This paradox reveals inconsistencies in decision-making under risk, …

Jun 11, 2025 · The Allais Paradox is a thought experiment that challenges the independence axiom of expected utility theory. It involves two decision problems, each with two lotteries, and demonstrates …

The Allais paradox, first presented over lunch by Maurice Allais to Jimmie Savage during a symposium in Paris in 1952, is among the best-known decision problems in contemporary behavioural and social …

Dec 22, 2025 · In identical experiments, an Allais paradox occurs when the addition of an independent event influences choice behavior.

Oct 5, 2023 · Maurice Allais presented his paradox in 1953, significantly impacting classical economic theories. His experimental results showed that people’s choices could not always be explained by …

The Allais paradox is a choice problem designed by to show an inconsistency of actual observed choices with the predictions of expected utility theory. The Allais paradox demonstrates that …