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Get Allais Paradoxes Can Be Reversed By Presenting Choices In Canonical Split Form. Hep-ph - Kms1 Isn

66, 24105 Kiel, Germany Kiel Working Paper No. 1615 March 2010 Allais Paradoxes Can be Reversed by Presenting Choices in Canonical Split Form Michael H. Birnbaum and Ulrich Schmidt Abstract: This paper tests Birnbaum s (2004) theory that the constant consequence paradoxes of Allais are due to violations of coalescing, the assumption that when two branches lead to the same consequence, they can be combined by adding their probabilities. Rank dependent utility and cumulative prospect theor.

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