Allais paradox

proper noun

A choice problem designed to show an inconsistency of actual observed choices with the predictions of expected utility theory.

Meanings

proper nounthe Allais paradox
  1. A choice problem designed to show an inconsistency of actual observed choices with the predictions of expected utility theory.

Origin

Designed by Maurice Allais (1953).

Full word history & related roots →
Cite this entry
APA

Allais paradox. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Allais%20paradox

MLA

“Allais paradox.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Allais%20paradox. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Allais paradox,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Allais%20paradox.

Source: Allais paradox on Wiktionary, CC BY-SA 4.0.