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Old 10-03-2005, 01:25 AM
Benholio Benholio is offline
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Join Date: Jun 2004
Posts: 238
Default Re: logic problem (fixed wording cuz i suck)

[ QUOTE ]
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.

[/ QUOTE ]

This makes sense.
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