Abstract The common-ratio effect and the Allais Paradox (common-consequence effect) are two best‐known violations of Expected Utility Theory. We reexamine data from 39 articles reporting experiments (143 designs/parameterizations, 14,909 observations) find that is systematically affected by experimental design implementation choices. more likely to be observed in with a low factor, high ratio m...

For as long there have been theories about common knowledge, they exposed to a certain amount of skepticism. Recent more sophisticated arguments question whether agents can acquire attitudes and are needed in social reasoning. I argue that this skepticism arises from assumptions practical reasoning that, considered themselves, at worst implausible best controversial. A proper approach the acqui...