The two envelope paradox and infinite expectations

Analysis 57 (1):42–50 (1997)
Abstract
The two envelope paradox can be dissolved by looking closely at the connection between conditional and unconditional expectation and by being careful when summing an infinite series of positive and negative terms. The two envelope paradox is not another St. Petersburg paradox and that one does not need to ban talk of infinite expectation values in order to dissolve it. The article ends by posing a new puzzle to do with infinite expectations.
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    Paul Syverson (2010). Opening Two Envelopes. Acta Analytica 25 (4):479-498.
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