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Allais’s paradox. (English) Zbl 1384.03088
Arló-Costa, Horacio (ed.) et al., Readings in formal epistemology. Sourcebook. Edited with the assistance of Henrik Boensvang and Rasmus K. Rendsvig. Cham: Springer (ISBN 978-3-319-20450-5/hbk; 978-3-319-20451-2/ebook). Springer Graduate Texts in Philosophy 1, 357-360 (2016).
Summary: Introspection about certain hypothetical decision situations suggests that the sure-thing principle and, with it, the theory of utility are normatively unsatisfactory. Consider an example based on two decision situations each involving two gambles.
For the entire collection see [Zbl 1348.03005].
MSC:
03A10 Logic in the philosophy of science
91A60 Probabilistic games; gambling
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