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Das Ellsberg-Paradoxon.

Authors :
Szpiro, George
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