KnowraAllais paradoxLinked fromLinked fromThe 9 pages that link to Allais paradox, each with the reason it gives.All 9Broader topic 3Related 3Compared with 3Behavioral economicsRelated: It became an early challenge to the standard model of risky choice.Prospect theoryRelated: It helped demonstrate that observed preferences could conflict with expected utility's axioms.Expected utilityBroader topic: It demonstrates a direct conflict between observed preferences and standard expected utility.Expected utility hypothesisBroader topic: The paradox demonstrates a systematic challenge to expected-utility predictions.Loss aversionRelated: It exemplified choice patterns that motivated alternatives to standard expected-utility explanations.St. Petersburg paradoxCompared with: It challenges expected utility through observed choices, rather than an infinite-value lottery.Maurice AllaisBroader topic: The paradox is Allais’s best-known demonstration that observed choices can conflict with a standard rationality axiom.Von Neumann–Morgenstern utility theoremCompared with: It demonstrates that plausible preferences can fail a central theorem assumption.Ambiguity effectCompared with: It is a related challenge to classical theory arising without ambiguous probabilities.