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No escape from Allais: reply to Buchak |
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| Authors: | Thoma Johanna Weisberg Jonathan |
| Affiliation: | 1.London School of Economics, London, UK ;2.University of Toronto, Toronto, Canada ; |
| Abstract: | In Risk and Rationality, Lara Buchak advertised REU theory as able to recover the modal preferences in the Allais paradox. But we pointed out that REU theory only applies in the “grand world” setting, where it actually struggles with the modal Allais preferences. Buchak offers two replies. Here we enumerate technical and philosophical problems they face. |
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