• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

The Allais paradox is a paradox in risky choice first proposed by Maurice Allais in the 1950s to challenge the then-dominant view that humans are rational economic actors. According to expected utility theory, a widely used economic theory of choice, humans ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles