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Zeno's paradoxes. Zeno's paradoxes are a series of philosophical arguments presented by the ancient Greek philosopher Zeno of Elea (c. 490–430 BC), [1] [2] primarily known through the works of Plato, Aristotle, and later commentators like Simplicius of Cilicia. [2] Zeno devised these paradoxes to support his teacher Parmenides 's philosophy ...
Giffen good. In microeconomics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa, violating the law of demand. For ordinary goods, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods; the income effect can either ...
Berkson's paradox, also known as Berkson's bias, collider bias, or Berkson's fallacy, is a result in conditional probability and statistics which is often found to be counterintuitive, and hence a veridical paradox. It is a complicating factor arising in statistical tests of proportions. Specifically, it arises when there is an ascertainment ...
Paradox of value. Water is a commodity that is essential to life. In the paradox of value, it is a contradiction that it is cheaper than diamonds, despite diamonds not having such an importance to life. The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in ...
Simpson's paradox is a phenomenon in probability and statistics in which a trend appears in several groups of data but disappears or reverses when the groups are combined. This result is often encountered in social-science and medical-science statistics, [1] [2] [3] and is particularly problematic when frequency data are unduly given causal ...
The Easterlin paradox is a finding in happiness economics formulated in 1974 by Richard Easterlin, then professor of economics at the University of Pennsylvania, and the first economist to study happiness data. [1] The paradox states that at a point in time happiness varies directly with income both among and within nations, but over time ...
The region-beta paradox: a person prefers to walk (at 3 miles per hour) if distances are less than a mile, and to cycle (15 miles per hour) for longer distances. Despite the remoteness of points in region beta, they will be reached faster than most points in the nearby region alpha. The region-beta paradox is the phenomenon that people can ...
The immigrant paradox in the United States is an observation that recent immigrants often outperform more established immigrants and non-immigrants on a number of health-, education-, and conduct- or crime-related outcomes, despite the numerous barriers they face to successful social integration. [1]