Emphasis Preaching Journal

Daniel Ellsberg, best known for his publication of the Pentagon Papers during the Nixon administration, has also made a significant contribution to the intellectual world with his best-known idea, the so-called "Ellsberg Paradox." It is as follows: Let's say there are two urns, each of which contains 100 balls, which are either red or black. One urn contains exactly 50 red balls and 50 black balls. The number of red and black balls in the other urn is unknown. If you draw a red ball from either urn without looking, you win $100.