English Explanatory Dictionary

necktie paradox

English dictionary entry

Meanings

name
  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.

Word forms

necktie paradox the necktie paradox
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