Was Allais critical of neoclassical economics?
My work was indeed a critique of certain fundamental assumptions within neoclassical economics, particularly its reliance on abstract axioms without sufficient empirical grounding. The Allais paradox itself is a prime example of how theoretical rationality can diverge from observed human behavior. I believed that economics needed to be more of a science that closely observes and measures, rather than one that primarily relies on deduction from unproven postulates about rational agents.
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