Definitions from Wiktionary (necktie paradox)
▸ noun: 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.
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▸ noun: 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.
Similar:
Parrondo's paradox,
statistical tie,
paradox,
boy or girl paradox,
Allais paradox,
two envelopes problem,
twin paradox,
barber paradox,
twins paradox,
potato paradox,
more...
Opposite:
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▸ Wikipedia articles (New!)
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