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Allais Paradox II : Do Two Wrongs Make a Right?

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[unable to retrieve full-text content]I have begun a possibly long series on people’s heuristics and biases when we try to think about probability. I posted one explanation of the Allais Paradox. Click on the link for definitions as I go on assuming earlier posts have been read (this will create problems but I can’t avoid it). Briefly the Allais […] The post Allais Paradox II : Do Two Wrongs Make a Right? appeared first on Angry Bear.

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I have begun a possibly long series on people’s heuristics and biases when we try to think about probability. I posted one explanation of the Allais Paradox. Click on the link for definitions as I go on assuming earlier posts have been read (this will create problems but I can’t avoid it). Briefly the Allais […]

The post Allais Paradox II : Do Two Wrongs Make a Right? appeared first on Angry Bear.

Robert Waldmann
Robert J. Waldmann is a Professor of Economics at Univeristy of Rome “Tor Vergata” and received his PhD in Economics from Harvard University. Robert runs his personal blog and is an active contributor to Angrybear.

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