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Paradox of value

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  • Paradox of value — Water diamonds. The paradox of value (also known as the diamond–water paradox) is the apparent contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The …   Wikipedia

  • Paradox of poetry — In poetry, paradox is a key to express tension and thus become a central device to convey its meaning. As the word “paradox” of its Greek origin literally means “beyond belief,” an element of paradox in poetry functions to give focus on the… …   Wikipedia

  • Paradox — For other uses, see Paradox (disambiguation). Further information: List of paradoxes A paradox is a seemingly true statement or group of statements that lead to a contradiction or a situation which seems to defy logic or intuition. Typically,… …   Wikipedia

  • Paradox of voting — This article is about the contention that an individual s vote will probably not affect the outcome. For the arguably irrational results that can arise in a collective choice among three or more alternatives, see Voting paradox. Part of the… …   Wikipedia

  • Theory of value (economics) — Theory of value is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services. Key question in economic theory include why goods and services are priced as they are …   Wikipedia

  • St. Petersburg paradox — In economics, the St. Petersburg paradox is a paradox related to probability theory and decision theory. It is based on a particular (theoretical) lottery game (sometimes called St. Petersburg Lottery ) that leads to a random variable with… …   Wikipedia

  • Liar paradox — In philosophy and logic, the liar paradox, known to the ancients as the pseudomenon, encompasses paradoxical statements such as This sentence is false. or The next sentence is false. The previous sentence is true. These statements are paradoxical …   Wikipedia

  • Ehrenfest paradox — The Ehrenfest paradox concerns the rotation of a rigid disc in the theory of relativity.In its original formulation as presented by Paul Ehrenfest 1909 in the Physikalische Zeitschrift, it discusses an ideally rigid cylinder that is made to… …   Wikipedia

  • EPR paradox — In quantum mechanics, the EPR paradox is a thought experiment which challenged long held ideas about the relation between the observed values of physical quantities and the values that can be accounted for by a physical theory. EPR stands for… …   Wikipedia

  • C-value enigma — The C value enigma or C value paradox is a term used to describe the complex puzzle surrounding the extensive variation in nuclear genome size among eukaryotic species. At the center of the C value enigma is the observation that genome size does… …   Wikipedia

  • Exchange paradox — The exchange paradox is a paradox within the probability theory and the decision theory which demonstrates problems that can arise when working with expected values. It can appear in different forms and hence under different names. Often it is… …   Wikipedia

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