Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The Two-Envelope Paradox: An Axiomatic Approach

The Two-Envelope Paradox: An Axiomatic Approach In this paper, we present a simple axiomatic justification for indifference before opening, avoiding any expectation reasoning, which is often considered problematic in infinite cases. Although the two-envelope paradox assumes an expectation-maximizing agent, we show that analogous paradoxes arise for agents using difierent decision principles such as maximin and maximax, and that our justification for indifierence before opening applies here too. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Mind Oxford University Press

The Two-Envelope Paradox: An Axiomatic Approach

Dietrich, Franz; List, Christian
Mind , Volume 114 (454) – Apr 1, 2005
Download PDF
10 pages

Loading next page...
 
/lp/oxford-university-press/the-two-envelope-paradox-an-axiomatic-approach-bAKqD1DQVf

References (4)

Publisher
Oxford University Press
Copyright
© Dietrich and List 2005
ISSN
0026-4423
eISSN
1460-2113
DOI
10.1093/mind/fzi239
Publisher site
See Article on Publisher Site

Abstract

In this paper, we present a simple axiomatic justification for indifference before opening, avoiding any expectation reasoning, which is often considered problematic in infinite cases. Although the two-envelope paradox assumes an expectation-maximizing agent, we show that analogous paradoxes arise for agents using difierent decision principles such as maximin and maximax, and that our justification for indifierence before opening applies here too.

Journal

Mind – Oxford University Press

Published: Apr 1, 2005

There are no references for this article.