Related papers: Anna Karenina and The Two Envelopes Problem
The first sentence of Leo Tolstoy's novel Anna Karenina is: "Happy families are all alike; every unhappy family is unhappy in its own way." Here Tolstoy means that for a family to be happy, several key aspects must be given (such as good…
The Anna Karenina Principle (AKP) holds that success requires satisfying a small set of essential conditions, whereas failure takes diverse forms. We test AKP, its reverse, and two further patterns described as ordered and noisy across…
The "paradox" arises in the Two Envelopes Paradox from the incorrect formulation of the argument. The infomation given is misused and therefore the results are incorrect for the question asked. The key is to be clear on what question we are…
The 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…
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,…
The two envelopes paradox is discussed. By calculating the conditional probability, we arrive at a conditional expectations which differs from existing results.
There are many papers written on the Two Envelopes Problem that usually study some of its variations. In this paper we will study and compare the most significant variations of the problem. We will see the correct decisions for each player…
We consider the infinite one-sided sequence over alphabet $\{a,b\}$ generated by the period-doubling substitution $\sigma(a)=ab$ and $\sigma(b)=aa$, denoted by $\mathbb{D}$. Let $r_p(\omega)$ be the $p$-th return word of factor $\omega$.…
We analyze the main arguments that attempt to explain why there is no point in changing the envelope. Most people confuse estimation and calculation, conditional and unconditional probabilities, random and non-random variables, modelling…
Consider the following game: You are given two indistinguishable envelopes, each containing money. One contains twice as much as the other. You may pick one envelope and keep the money it contains. Having chosen an envelope, you are given…
The occurrence of Simpson's paradox (SP) in $2\times 2$ contingency tables has been well studied. The present work comprehensively revisits this problem using a combination of philosophical reflections, causal considerations, and…
The method of maximum entropy has been very successful but there are cases where it has either failed or led to paradoxes that have cast doubt on its general legitimacy. My more optimistic assessment is that such failures and paradoxes…
The purpose of this paper is to clarify the (non-Bayesian and Bayesian) two-envelope problems in terms of quantum language (or, measurement theory), which was recently proposed as a linguistic turn of quantum mechanics (with the Copenhagen…
We give a full solution to the question of existence of indiscernibles in dependent theories by proving the following theorem: for every $\theta$ there is a dependent theory $T$ of size $\theta$ such that for all $\kappa$ and $\delta$,…
In this article, I will present a paradox whose purpose is to draw your attention to an important topic in finance, concerning the non-independence of the financial returns (non-ergodic hypothesis). In this paradox, we have two people…
Choice overload occurs when individuals feel overwhelmed by an excessive number of options. Experimental evidence suggests that a larger selection can complicate the decision-making process. Consequently, choice satisfaction may diminish…
This paper has several objectives. First, it separates randomness from lawlessness and shows why even genuine randomness does not imply lawlessness. Second, it separates the question -why should I call a phenomenon random? (and answers it…
The union-closed sets conjecture (sometimes referred to as Frankl's conjecture) states that every finite, nontrivial union-closed family of sets has an element that is in at least half of its members. Although the conjecture is known to be…
The envelope theory is an easy-to-use approximation method to obtain eigensolutions for some quantum many-body systems, in particular in the domain of hadronic physics. Even if the solutions are reliable and an improvement procedure exists,…
Here we deconstruct, and then in a reasoned way reconstruct, the concept of "entropy of a system," paying particular attention to where the randomness may be coming from. We start with the core concept of entropy as a COUNT associated with…