I’ve so far only noticed this when creating a human female, but at least three of the colors available seems to have the wrong names.
Platinum, Light Yellow and Light Pink.
I’m pretty certain this is independent on the color scheme you might have on your monitor (since when does that change pink into yellow vice versa).
Light Yellow is actually Light Pink (should be obvious, due to… well… the pink color…)
Platinum has a slightly faded nuance of yellow in it, so that is most likely Light Yellow.
And Light Yellow doesn’t have a yellow nuance in it, so that’s Platinum.
Screenshots of all three hair colors, and description: http://imgur.com/a/fp0pV
2560×1440, FXAA enabled, sorta medium in everything, Post-Processing and Shaders at High.