Envelopes and indifference


Consider this situation: Here are two envelopes. You have one of them. Each envelope contains some quantity of money, which can be of any positive real magnitude. One contains twice the amount of money that the other contains, but you do not know which one. You can keep the money in your envelope, whose numerical value you do not know at this stage, or you can exchange envelopes and have the money in the other. You wish to maximise your money. What should you do?1 Here are three forms of reasoning about this situation, which we shall call..



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Greg Restall
University of Melbourne

Citations of this work

Conditionals and a Two-Envelope Paradox.Byeong-Uk Yi - 2013 - Journal of Philosophy 110 (5):233-257.

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