Allais pdx Apk
Apk Infos
| Version | 1.0 |
| Rating | 1.0/5, based on 1 votes |
| Size | 6.4 MB |
| Requires Android | Android 2.1+ (Eclair) |
| Author's Notes | Allais paradox scenarios for behavioral economics |
About Allais pdx APK
Description
in the experimentation on behavioral economic reactions, individuals are presented with relatively simple decisions. In a first scenario of the Allais paradox scheme, the experimentation is based on asking to ordinary people to choose between two options:Option A: receive 1 million in all safety; that is, with a probability of 100%.
Option B: Receive $ 0 with a probability of 1%, or 1 million with a probability of 89%, or 5 million with a probability of 10%.
Experimental results show that given the previous decision scenario, the bulk of the individuals opts for Option A, which violates the principles of utility theory.
Then, in a second scenario, individuals are asked to decide between:
Option A: Obtain 1million with probability of 11%.
Option B: Get 5 million with probability of 10%.
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- Tap Install when prompted, the APK file you downloaded will be installed on your device.
Older Versions
| 1.0 (1) | 6.4 MB |
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