Ellsberg paradox en · PROPN
Etymology
Popularized by Daniel Ellsberg in his 1961 paper “Risk, Ambiguity, and the Savage Axioms”, although a version of it was noted considerably earlier by John Maynard Keynes.
Meanings
- A paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| the Ellsberg paradox | canonical | lexicographic | |
| Ellsberg's paradox | alternative | lexicographic |