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Old 10-03-2005, 01:16 AM
d10 d10 is offline
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Join Date: Jan 2005
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Default Re: logic problem (fixed wording cuz i suck)

This isn't really a logic problem. This problem was presented in "Risk, Ambiguity, and the Savage Axioms" (Ellsburg 1961) to demonstrate that given two situations with equal expected values, people generally show a tendency to avoid ambiguity. Most people would choose (a) out of Pair 1, and (b) out of Pair 2.
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