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Das Ellsberg-Paradoxon.
- Source :
-
Mitteilungen der DMV . Dec2023, Vol. 31 Issue 4, p228-229. 2p. - Publication Year :
- 2023
-
Abstract
- The article delves into the Ellsberg paradox, showcasing its significance in economic and social decision-making theories, specifically addressing the ambiguity in probability assessment. It highlights Daniel Ellsberg's discovery, his renowned release of the Pentagon Papers and his pioneering work on decision theory. It states that the paradox challenges the independence of irrelevant alternatives axiom, revealing how individuals' choices contradict their subjective beliefs about probabilities.
Details
- Language :
- German
- ISSN :
- 09474471
- Volume :
- 31
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Mitteilungen der DMV
- Publication Type :
- Academic Journal
- Accession number :
- 174101281
- Full Text :
- https://doi.org/10.1515/dmvm-2023-0074