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Ellsberg paradox
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
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.
Proper noun
1
A paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.
Alternative forms
en Ellsberg's paradox
See also
en ambiguity aversion
en eponyms