Show simple item record

dc.contributor.authorSpanos, Aen_US
dc.date.accessioned2017-03-13T19:07:10Z
dc.date.available2017-03-13T19:07:10Z
dc.identifier.urihttp://hdl.handle.net/10919/76642
dc.description.abstractThe primary objective of this note is to revisit the two envelope problem and propose a simple resolution. It is argued that the paradox arises from the ambiguity associated with the money content $x of the chosen envelope. When X=x is observed it is not know which one of the two events, X={\theta} or X=2{\theta}, has occurred. Moreover, the money in the other envelope Y is not independent of X; when one contains {\theta} the other contains 2{\theta}. By taking these important features of the problem into account, the paradox disappears.en_US
dc.relation.urihttp://arxiv.org/abs/1301.0118v1en_US
dc.subjectstat.MEen_US
dc.subjectstat.MEen_US
dc.titleThe Two Envelope Problem: a Paradox or Fallacious Reasoning?en_US
dc.typeArticle - Refereed
pubs.organisational-group/Virginia Tech
pubs.organisational-group/Virginia Tech/All T&R Faculty
pubs.organisational-group/Virginia Tech/Science
pubs.organisational-group/Virginia Tech/Science/COS T&R Faculty
pubs.organisational-group/Virginia Tech/Science/Economics


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record