Trying to Resolve the Two-Envelope Problem

Synthese 145 (1):89 - 109 (2005)
Abstract
After explaining the well-known two-envelope 'paradox' by indicating the fallacy involved, we consider the two-envelope 'problem' of evaluating the 'factual' information provided to us in the form of the value contained by the envelope chosen first. We try to provide a synthesis of contributions from economy, psychology, logic, probability theory (in the form of Bayesian statistics), mathematical statistics (in the form of a decision-theoretic approach) and game theory. We conclude that the two-envelope problem does not allow a satisfactory solution. An interpretation is made for statistical science at large
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Citations of this work BETA
Paul Syverson (2010). Opening Two Envelopes. Acta Analytica 25 (4):479-498.
Similar books and articles
Paul Syverson (2010). Opening Two Envelopes. Acta Analytica 25 (4):479-498.
Gary Malinas (2006). Two Envelope Problems. The Proceedings of the Twenty-First World Congress of Philosophy 9:153-158.
Olav Gjelsvik (2002). Paradox Lost, but in Which Envelope? Croatian Journal of Philosophy 2 (3):353-362.
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