Construct · 1 fields · 1 citations

fanning out hypothesis: a standalone construct

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fanning outhypothesis1 CONSTRUCTFanning out hypothesisMACHINA · DECISION THEORY

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Decision theory

the claim that indifference curves in the probability triangle grow steeper toward better lotteries, which accounts for Allais-type violations of independence.

In decision theory, fanning out hypothesis refers to the claim that indifference curves in the probability triangle grow steeper toward better lotteries, which accounts for Allais-type violations of independence. This meaning comes from Machina (1982) in Econometrica.[1]

Unit
Recovery means
Measured by

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accounts1 fields · 1 citationsanchor · a standalone constructhypothesis2 fields · 2 citationsjingle · one word, two constructs

References

  1. Machina, M. J. (1982). "Expected Utility" Analysis without the Independence Axiom. Econometrica, 50(2), 277. https://doi.org/10.2307/1912631

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