Even that isn't new. There are hundreds of experiments that point out the limitations of EU. If you're looking for a reason to reject EU, you didn't need to w

Even that isn't new. There are hundreds of experiments that point out the limitations of EU. If you're looking for a reason to reject EU, you didn't need to wait until now. Allais published his paradox in 1953. If Peters wants to propose an alternate theory, he needs to explain all of this existing evidence. For example, he needs to explain why historically the return on stocks is so high. If people only cared about the logarithm of wealth, they would hold almost entirely stocks and very little bonds. They would take their weekly paycheck and deposit it directly into their Robinhood account. (And everyone would have a brokerage account.)