Anomalies in expected utility theory: The Allais paradox

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This video on the Allais paradox is part of the Decision making under risk and uncertainty playlist in Notes on Behavioural Economics.
View the associated Notes on Behavioural Economics
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I was tough to understand in Kahneman's Thinking, Fast and Slow book. It's also tough here, but there's more information and more angles to see it from.
Thanks

antben
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