necktie paradox

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English

[edit]
English Wikipedia has an article on:
Wikipedia

Proper noun

[edit]

the necktie paradox

  1. An apparent paradox within the subjectivistic interpretation of probability theory, in which two people wager over whose necktie is cheapest, with the owner of the more expensive tie giving it to the other. Taking the wager seems to be to the advantage of both people.
Retrieved from "https://en.wiktionary.org/w/index.php?title=necktie_paradox&oldid=77958877"