bloodrock
Ive been working on the assignment #4 for a while now (about 10 minutes- seems like 10 hours), when the Abilene Paradox goes trotting through my head, and wouldn’t leave. Luckily I began thinking. As I thunk, I thunk about maybe other paradoxae? Thank god there are- possibly more interesting paradoxica. I’d hate to be stuck in a Abilene frame of mind.
Defined, a paradox is described in shades ranging from opinion, belief, hard to believe, contrary, absurd, self-contradictory, counter-intuitive, intrinsically unreasonable, logically unacceptable,
Anyways it happens there are logical (self-referential, vagueness), mathematical and statistical (probability, infinity, and geometry and topology), decision theoretic, chemical, physical, philosophical, economic, and miscellaneous (bracketing, buttered cat, ethics, proof that 0.999=1, logical fallacy, puzzle) paradoxas.
It also happens the Abilene paradox is a economic paradox, along with the other common economic paradoxes: Allais, Bertrand, Diamond-water, Edgeworth, Ellsberg, Gibson’s, Giffen, Jevons, Leontief, Thrift, Parrondo’s, Productivity, Solow computer.
The Ellsberg Paradox is named for that pioneer of Nixon years, Daniel Ellsberg, a former American military analyst with the Rand Corporation, who released the Pentagon Papers, the account of activities of Vietnam. Wikipedia states “(t)he Ellsberg paradox is a paradox in decision theory and experimental economics in which people’s choices violate the expected utility hypothesis. It is generally taken to be evidence for ambiguity aversion. The paradox was popularized by Daniel Ellsberg, although a version of it was noted considerably earlier by John Maynard Keynes.” Thank you, Daniel Ellsberg, made the man a underground subculture hero when Bloodrock immortalized him on their 1972 album Passage- that song is also why I just bored you with this otherwise obsolete information.
Defined, a paradox is described in shades ranging from opinion, belief, hard to believe, contrary, absurd, self-contradictory, counter-intuitive, intrinsically unreasonable, logically unacceptable,
Anyways it happens there are logical (self-referential, vagueness), mathematical and statistical (probability, infinity, and geometry and topology), decision theoretic, chemical, physical, philosophical, economic, and miscellaneous (bracketing, buttered cat, ethics, proof that 0.999=1, logical fallacy, puzzle) paradoxas.
It also happens the Abilene paradox is a economic paradox, along with the other common economic paradoxes: Allais, Bertrand, Diamond-water, Edgeworth, Ellsberg, Gibson’s, Giffen, Jevons, Leontief, Thrift, Parrondo’s, Productivity, Solow computer.
The Ellsberg Paradox is named for that pioneer of Nixon years, Daniel Ellsberg, a former American military analyst with the Rand Corporation, who released the Pentagon Papers, the account of activities of Vietnam. Wikipedia states “(t)he Ellsberg paradox is a paradox in decision theory and experimental economics in which people’s choices violate the expected utility hypothesis. It is generally taken to be evidence for ambiguity aversion. The paradox was popularized by Daniel Ellsberg, although a version of it was noted considerably earlier by John Maynard Keynes.” Thank you, Daniel Ellsberg, made the man a underground subculture hero when Bloodrock immortalized him on their 1972 album Passage- that song is also why I just bored you with this otherwise obsolete information.
posted by johnny | 12:33 PM
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