17
Allais paradox
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50
% 3 week tour
100% 1 week tour
C E R T A I N T Y
E F F E C T
or
A L L A I S
P A R A D O X
PEOPLE ANIMAL
SAFERPROSPECTS
50
% 3 week tour
100% 1 week tour
N O TR E W A R D I N G
GOODO U T C O M E
Amos Tversky
DanielKahn
eman
5 % 3 week tour
10 % 1 week tour
W h i c h
factors affect
your choice?
*
G a i n s
&
L o s e s
million millionX$1 $5
million millionX$1 $5
100%
million millionX$1 $5
10%89% 1%
million millionX$1 $5
11% 89%
million millionX$1 $5
10% 90%