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=> Zeno's Paradoxes
=> Allais Paradox
=> Arnauld's Paradox
=> Banach-Tarski Paradox
=> Barber Paradox
=> Berry Paradox
=> Bottle Imp Paradox
=> Buchowski Paradox
=> Cantor's Paradox
=> Catalogue Paradox
=> Coin Paradox
=> Complex Number Paradox
=> Crocodile's Dilemma
=> Destructive Dilemma
=> Diagonal Paradox
=> Dilemma
=> Elevator Paradox
=> Epimenides Paradox
=> Eubulides Paradox
=> Grelling's Paradox
=> Hempel's Paradox
=> Liar's Paradox
=> Line Point Picking
=> Missing Dollar Paradox
=> Newcomb's Paradox
=> Parrondo's Paradox
=> Potato Paradox
=> Richard's Paradox
=> Russell's Antinomy
=> Skolem Paradox
=> Smarandache Paradox
=> Socrates' Paradox
=> Sorites Paradox
=> Strange Loop
=> Thompson Lamp Paradox
=> Unexpected Hanging Paradox
=> Fallacy
=> Plaindrome
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Ziyaretçi defteri
 

Allais Paradox

n identical experiments, an Allais paradox occurs when the addition of an independent event influences choice behavior. Consider the choices in the following table (Kahneman and Tversky 1979).
lottery 1 to 33 34 35 to 100 preference
A 2500 0 2400 18%
B 2400 2400 2400 82%
C 2500 0 0 83%
D 2400 2400 0 17%

In Experiment 1, a choice of A and B was given, and most participants picked B. In Experiment 2, a choice of C and D was given, and most participants picked C.

This observed pattern violates the independence axiom, since in both experiments, the payoff is identical if a >=35 ball is picked, while if the >=35 event is disregarded, the two experiments are identical.

To see it another way, consider the >=35 event to be a black box that is always received if the random ball value is >=35. Knowing or not knowing the contents of the black box should not influence behavior.

 

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