fool comments on The Ellsberg paradox and money pumps - Less Wrong

10 Post author: fool 28 January 2012 05:34PM

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Comment author: fool 01 February 2012 05:59:59AM 0 points [-]

No, this doesn't sound like the Allais paradox. The Allais paradox has all probabiliies given. The Ellsberg paradox is the one with the "undetermined balls". Or maybe you have something else entirely in mind.

Comment author: Manfred 01 February 2012 06:04:24AM *  0 points [-]

What I mean is possible preference reversal if you just have a probability of a gamble vs. a known gamble.