A Concise Resolution to the Two Envelope Paradox
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2012-08-27 v3
Abstract
In this paper, I will demonstrate a new perspective on the Two Envelope Problem. I hope to show with convincing clarity how the paradox results from an inherent problem pertaining to the interpretation of Bayesian probability. Specifically, a subjective probability that is inconsistent with reality can mislead reasoning based on Bayesian decision theory.
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Cite
@article{arxiv.1202.4669,
title = {A Concise Resolution to the Two Envelope Paradox},
author = {Eric Bliss},
journal= {arXiv preprint arXiv:1202.4669},
year = {2012}
}