Siegel's paradox

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English

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Etymology

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Identified by economist Jeremy Siegel in 1972.

Proper noun

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Siegel's paradox

  1. (economics) The phenomenon that uncertainty about future prices can theoretically push rational consumers to temporarily trade away their preferred consumption goods (or currency) for non-preferred goods (or currency), as part of a plan to trade back to the preferred consumption goods after prices become clearer.