The Troika paradox

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Abstract

In three binary choice problems, people reveal a choice pattern which falsifies expected utility theory and many generalized non-expected utility theories. This new paradox challenges popular non-expected utility models analogously to how the Allais paradox challenged neoclassical expected utility theory. © 2011 Elsevier B.V.

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Blavatskyy, P. R. (2012). The Troika paradox. Economics Letters, 115(2), 236–239. https://doi.org/10.1016/j.econlet.2011.12.042

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