necktie paradox

proper noun

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.

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Meanings

proper nounthe necktie paradox
  1. 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.
Cite this entry
APA

necktie paradox. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/necktie%20paradox

MLA

“necktie paradox.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/necktie%20paradox. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “necktie paradox,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/necktie%20paradox.

Source: necktie paradox on Wiktionary, CC BY-SA 4.0.