The two-envelope paradox

Clark, Michael and Shackel, Nicholas ORCID: https://orcid.org/0000-0002-1751-1400 2000. The two-envelope paradox. Mind 109 (435) , pp. 415-442. 10.1093/mind/109.435.415

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Abstract

Previous claims to have resolved the two-envelope paradox have been premature. The paradoxical argument has been exposed as manifestly fallacious if there is an upper limit to the amount of money that may be put in an envelope; but the paradoxical cases which can be described if this limitation is removed do not involve mathematical error, nor can they be explained away in terms of the strangeness of infinity. Only by taking account of the partial sums of the infinite series of expected gains can the paradox be resolved.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	English, Communication and Philosophy
Subjects:	B Philosophy. Psychology. Religion > B Philosophy (General)
Publisher:	Oxford University Press
ISSN:	0026-4423
Date of First Compliant Deposit:	30 March 2016
Last Modified:	04 May 2023 16:15
URI:	https://orca.cardiff.ac.uk/id/eprint/50089

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