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Criticism of the Neo-Bernoullian formulation as a behavioural rule for rational man

In Maurice Allais & Ole Hagen (eds.), Expected Utility Hypotheses and the Allais Paradox. D. Reidel. pp. 74--106 (1977)

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  1. Economics, Psychology, and the Unity of the Decision Sciences.Roberto Fumagalli - 2016 - Philosophy of the Social Sciences 46 (2):103-128.
    In recent years, several authors have reconstructed the relationship between 20th-century economic theory and neuro-psychological research in terms of a three-stage narrative of initial unity, increasing separation, and ongoing reunification. In this article, I draw on major developments in economic theory and neuro-psychological research to provide a descriptive and normative critique of this reconstruction. Moreover, I put forward a reconstruction of the relationship between economics and neuro-psychology that, I claim, better fits both the available empirical evidence and the methodological foundations (...)
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  • Cognition and uncertainty.Bertrand Munier - 1989 - Theory and Decision 27 (1-2):93-106.
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  • The ordinal utility under uncertainty and the measure of risk aversion in terms of preferences.Aldo Montesano - 1985 - Theory and Decision 18 (1):73-85.
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  • Decision Theory Without “Independence” or Without “Ordering”.Teddy Seidenfeld - 1988 - Economics and Philosophy 4 (2):267.
    It is a familiar argument that advocates accommodating the so-called paradoxes of decision theory by abandoning the “independence” postulate. After all, if we grant that choice reveals preference, the anomalous choice patterns of the Allais and Ellsberg problems violate postulate P2 of Savage's system. The strategy of making room for new preference patterns by relaxing independence is adopted in each of the following works: Samuelson, Kahneman and Tversky's “Prospect Theory”, Allais and Hagen, Fishburn, Chew and MacCrimmon, McClennen, and in closely (...)
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