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Self-referential Paradoxes
This list includes well known paradoxes, grouped thematically. The grouping is approximate, as paradoxes may fit into more than one category. This list collects only scenarios that have been called a paradox by at least one source and have their own article in this encyclopedia. Although considered paradoxes, some of these are simply based on fallacious reasoning ( falsidical), or an unintuitive solution ( veridical). Informally, the term ''paradox'' is often used to describe a counter-intuitive result. However, some of these paradoxes qualify to fit into the mainstream perception of a paradox, which is a self-contradictory result gained even while properly applying accepted ways of reasoning. These paradoxes, often called ''antinomy,'' point out genuine problems in our understanding of the ideas of truth and description. Logic * : The supposition that, 'if one of two simultaneous assumptions leads to a contradiction, the other assumption is also disproved' leads to paradoxi ...
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Paradox
A paradox is a logically self-contradictory statement or a statement that runs contrary to one's expectation. It is a statement that, despite apparently valid reasoning from true premises, leads to a seemingly self-contradictory or a logically unacceptable conclusion. A paradox usually involves contradictory-yet-interrelated elements that exist simultaneously and persist over time. They result in "persistent contradiction between interdependent elements" leading to a lasting "unity of opposites". In logic, many paradoxes exist that are known to be invalid arguments, yet are nevertheless valuable in promoting critical thinking, while other paradoxes have revealed errors in definitions that were assumed to be rigorous, and have caused axioms of mathematics and logic to be re-examined. One example is Russell's paradox, which questions whether a "list of all lists that do not contain themselves" would include itself, and showed that attempts to found set theory on the identificatio ...
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Pinocchio
Pinocchio ( , ) is a fictional character and the protagonist of the children's novel '' The Adventures of Pinocchio'' (1883) by Italian writer Carlo Collodi of Florence, Tuscany. Pinocchio was carved by a woodcarver named Geppetto in a Tuscan village. He is created as a wooden puppet, but he dreams of becoming a real boy. He is known for his long nose, which grows when he lies. Pinocchio is a cultural icon and one of the most reimagined characters in children's literature. His story has been adapted into many other media, notably the 1940 Disney film ''Pinocchio''. Collodi often used the Italian Tuscan dialect in his book. The name ''Pinocchio'' is possibly derived from the rare Tuscan form ''pinocchio'' (“pine nut”) or constructed from ''pino'' (“pine tree, pine wood”) and occhio ("eye"). Fictional character description Pinocchio's characterization varies across interpretations, but several aspects are consistent across all adaptations: Pinocchio is an animated ...
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Set (mathematics)
A set is the mathematical model for a collection of different things; a set contains '' elements'' or ''members'', which can be mathematical objects of any kind: numbers, symbols, points in space, lines, other geometrical shapes, variables, or even other sets. The set with no element is the empty set; a set with a single element is a singleton. A set may have a finite number of elements or be an infinite set. Two sets are equal if they have precisely the same elements. Sets are ubiquitous in modern mathematics. Indeed, set theory, more specifically Zermelo–Fraenkel set theory, has been the standard way to provide rigorous foundations for all branches of mathematics since the first half of the 20th century. History The concept of a set emerged in mathematics at the end of the 19th century. The German word for set, ''Menge'', was coined by Bernard Bolzano in his work ''Paradoxes of the Infinite''. Georg Cantor, one of the founders of set theory, gave the following ...
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Ordinal Number
In set theory, an ordinal number, or ordinal, is a generalization of ordinal numerals (first, second, th, etc.) aimed to extend enumeration to infinite sets. A finite set can be enumerated by successively labeling each element with the least natural number that has not been previously used. To extend this process to various infinite sets, ordinal numbers are defined more generally as linearly ordered labels that include the natural numbers and have the property that every set of ordinals has a least element (this is needed for giving a meaning to "the least unused element"). This more general definition allows us to define an ordinal number \omega that is greater than every natural number, along with ordinal numbers \omega + 1, \omega + 2, etc., which are even greater than \omega. A linear order such that every subset has a least element is called a well-order. The axiom of choice implies that every set can be well-ordered, and given two well-ordered sets, one is isomorph ...
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Monty Hall Problem
The Monty Hall problem is a brain teaser, in the form of a probability puzzle, loosely based on the American television game show ''Let's Make a Deal'' and named after its original host, Monty Hall. The problem was originally posed (and solved) in a letter by Steve Selvin to the ''American Statistician'' in 1975. It became famous as a question from reader Craig F. Whitaker's letter quoted in Marilyn vos Savant's "Ask Marilyn" column in '' Parade'' magazine in 1990: Vos Savant's response was that the contestant should switch to the other door. Under the standard assumptions, the switching strategy has a probability of winning the car, while the strategy that remains with the initial choice has only a probability. When the player first makes their choice, there is a chance that the car is behind one of the doors not chosen. This probability does not change after the host reveals a goat behind one of the unchosen doors. When the host provides information about the 2 unchosen ...
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Kelly Criterion
In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet), is a formula that determines the optimal theoretical size for a bet. It is valid when the expected returns are known. The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. John Larry Kelly, Jr, J. L. Kelly Jr, a researcher at Bell Labs, described the criterion in 1956. Because the Kelly Criterion leads to higher wealth than any other strategy in the long run (i.e., the theoretical maximum return as the number of bets goes to infinity), it is a scientific gambling method. The practical use of the formula has been demonstrated for gambling and the same idea was used to explain Diversification (finance), diversification in investment management., page 184f. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors incl ...
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Two-envelope Paradox
The two envelopes problem, also known as the exchange paradox, is a paradox in probability theory. It is of special interest in decision theory, and for the Bayesian interpretation of probability theory. It is a variant of an older problem known as the necktie paradox. The problem is typically introduced by formulating a hypothetical challenge like the following example: Since the situation is symmetric, it seems obvious that there is no point in switching envelopes. On the other hand, a simple calculation using expected values suggests the opposite conclusion, that it is always beneficial to swap envelopes, since the person stands to gain twice as much money if they switch, while the only risk is halving what they currently have. Introduction Problem Basic setup: A person is given two indistinguishable envelopes, each of which contains a sum of money. One envelope contains twice as much as the other. The person may pick one envelope and keep whatever amount it contains. They ...
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Monty Open Door
Monty is a masculine given name, often a short form of Montgomery, Montague and other similar names. It is also a surname. Notable people with the name or nickname include: First name Nickname *Bernard Montgomery (1887–1976), British Second World War field marshal * Bruce Montgomery (musical director) (1927–2008), American music composer and former director of the Penn Glee Club * Chris Montgomery (born 1972), American computer specialist and founder of the Xiph.Org Foundation * Colin Montgomerie (born 1963), Scottish golfer *Monty Montgomery (American football) (born 1973), former American football cornerback * Richard Montgomerie (1999–2007), Sussex cricketer * Monty Basgall (1922–2005), American Major League Baseball player and coach * Monty Berman (1905–2006), British cinematographer and film and television producer * Monty Bowden (1865–1892), English cricketer and wicket-keeper *Monty Burton (1918–1999), British pilot * Montgomery Clift (1920–1966), America ...
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Dictionary
A dictionary is a listing of lexemes from the lexicon of one or more specific languages, often arranged alphabetically (or by radical and stroke for ideographic languages), which may include information on definitions, usage, etymologies, pronunciations, translation, etc.Webster's New World College Dictionary, Fourth Edition, 2002 It is a lexicographical reference that shows inter-relationships among the data. A broad distinction is made between general and specialized dictionaries. Specialized dictionaries include words in specialist fields, rather than a complete range of words in the language. Lexical items that describe concepts in specific fields are usually called terms instead of words, although there is no consensus whether lexicology and terminology are two different fields of study. In theory, general dictionaries are supposed to be semasiological, mapping word to definition, while specialized dictionaries are supposed to be onomasiological, first ident ...
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Encyclopedia
An encyclopedia (American English) or encyclopædia (British English) is a reference work or compendium providing summaries of knowledge either general or special to a particular field or discipline. Encyclopedias are divided into articles or entries that are arranged alphabetically by article name or by thematic categories, or else are hyperlinked and searchable. Encyclopedia entries are longer and more detailed than those in most dictionaries. Generally speaking, encyclopedia articles focus on '' factual information'' concerning the subject named in the article's title; this is unlike dictionary entries, which focus on linguistic information about words, such as their etymology, meaning, pronunciation, use, and grammatical forms.Béjoint, Henri (2000)''Modern Lexicography'', pp. 30–31. Oxford University Press. Encyclopedias have existed for around 2,000 years and have evolved considerably during that time as regards language (written in a major international or a ...
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Median
In statistics and probability theory, the median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution. For a data set, it may be thought of as "the middle" value. The basic feature of the median in describing data compared to the mean (often simply described as the "average") is that it is not skewed by a small proportion of extremely large or small values, and therefore provides a better representation of a "typical" value. Median income, for example, may be a better way to suggest what a "typical" income is, because income distribution can be very skewed. The median is of central importance in robust statistics, as it is the most resistant statistic, having a breakdown point of 50%: so long as no more than half the data are contaminated, the median is not an arbitrarily large or small result. Finite data set of numbers The median of a finite list of numbers is the "middle" number, when those numbers are ...
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Mean
There are several kinds of mean in mathematics, especially in statistics. Each mean serves to summarize a given group of data, often to better understand the overall value (magnitude and sign) of a given data set. For a data set, the '' arithmetic mean'', also known as "arithmetic average", is a measure of central tendency of a finite set of numbers: specifically, the sum of the values divided by the number of values. The arithmetic mean of a set of numbers ''x''1, ''x''2, ..., x''n'' is typically denoted using an overhead bar, \bar. If the data set were based on a series of observations obtained by sampling from a statistical population, the arithmetic mean is the ''sample mean'' (\bar) to distinguish it from the mean, or expected value, of the underlying distribution, the ''population mean'' (denoted \mu or \mu_x).Underhill, L.G.; Bradfield d. (1998) ''Introstat'', Juta and Company Ltd.p. 181/ref> Outside probability and statistics, a wide range of other notions of mean ...
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