Speakur

Word Pronunciation & Dictionary

ellsberg paradox

Word Rarity Very rare

Frequency: Zipf frequency 2.15 in modern English

Syllables
ells-berg -para-dox
IPA
28
Scrabble Score
15
Letters
4
Syllables
11
Unique Chars

Meaning

name

A paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.

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.

Inflected Forms

the Ellsberg paradox (canonical) Ellsberg's paradox (alternative)

Phrases

ambiguity aversion

Frequently Paired Words

ambiguity aversion

Questions

What does ellsberg paradox mean?
A paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.
Where does ellsberg paradox come from?
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.

How to pronounce ellsberg paradox

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