Not running into the Allais paradox means that if you dump an undetermined ball into a pool of balls, you just add the bets together linearly. But, of course, you do that enough times and you just have the normal result.
No, this doesn’t sound like the Allais paradox. The Allais paradox has all probabiliies given. The Ellsberg paradox is the one with the “undetermined balls”. Or maybe you have something else entirely in mind.
Not running into the Allais paradox means that if you dump an undetermined ball into a pool of balls, you just add the bets together linearly. But, of course, you do that enough times and you just have the normal result.
So yeah, I’m pretty sure Allais paradox.
No, this doesn’t sound like the Allais paradox. The Allais paradox has all probabiliies given. The Ellsberg paradox is the one with the “undetermined balls”. Or maybe you have something else entirely in mind.
What I mean is possible preference reversal if you just have a probability of a gamble vs. a known gamble.