Over the years, there have been numerous experiments conducted to verify some or all aspects of Expected Utility theory, many with surprising results. Some have led to the now-famous paradoxes, discussed in the Basic Concepts section, while others have led to the development of alternative theories.

• Experimental discussion of the St. Petersburg paradox
• Experimental discussion of the Allais paradox
• Experimental discussion of the Ellsberg paradox
• Experimental testing of Risk Aversion