One way of testing: Have two questions just like in Allais experiment. Make the experiment in five different versions where choice 1B has increasing complexity but same expected utility. See if 1B-aversion correlates with increasing complexity.
Ooh. I like that. That’s a much more direct test than my suggestion.
One way of testing: Have two questions just like in Allais experiment. Make the experiment in five different versions where choice 1B has increasing complexity but same expected utility. See if 1B-aversion correlates with increasing complexity.
Ooh. I like that. That’s a much more direct test than my suggestion.