Reminder: the Allais Paradox is not that people prefer 1A>1B, it’s that people prefer 1A>1B and 2B>2A. If you prefer 1A>1B and 2A>2B it could because of having non-linear utility for money, which is perfectly reasonable and non-paradoxical. Neither does “Shut up and multiply” have anything to do with linear utility functions for money.
You’re right and I think I touched on that a bit—people seem to see a larger difference between 100% and 99% than between 67% and 66%. Maybe I didn’t touch on that enough, though.
Reminder: the Allais Paradox is not that people prefer 1A>1B, it’s that people prefer 1A>1B and 2B>2A. If you prefer 1A>1B and 2A>2B it could because of having non-linear utility for money, which is perfectly reasonable and non-paradoxical. Neither does “Shut up and multiply” have anything to do with linear utility functions for money.
You’re right and I think I touched on that a bit—people seem to see a larger difference between 100% and 99% than between 67% and 66%. Maybe I didn’t touch on that enough, though.