Word.ws English Dictionary

Ellsberg paradox

Ellsberg paradox proper noun: a paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.

Proper noun

the Ellsberg paradox

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

Forms of Ellsberg paradox

alternative formEllsberg's paradox

Origin of Ellsberg paradox

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.

Questions about Ellsberg paradox

What does Ellsberg paradox mean?
Ellsberg paradox means a paradox of choice in which people's decisions produce inconsistencies with subjective expected utility theory.
What part of speech is Ellsberg paradox?
Ellsberg paradox is a proper noun.

Words near Ellsberg paradox in the dictionary

  1. Elloughton-cum-Brough
  2. Ellroy
  3. Ellroys
  4. ells
  5. Ellsberg
  6. Ellsberg paradox
  7. Ellson
  8. Ellsworth
  9. Ellsworth County
  10. Ellsworth Land
  11. ellsworthite

Source and license

Adapted from Wiktionary: Ellsberg paradox (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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Cite this entry: “Ellsberg paradox.” Word.ws, https://word.ws/ellsberg_paradox. Based on Wiktionary, CC BY-SA 4.0.