Meaning of necktie paradox | Babel Free
Definitions
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.
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.