Two Envelopes

Hans van Ditmarsch () and Barteld Kooi ()
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Hans van Ditmarsch: Université de Lorraine, LORIA, CNRS
Barteld Kooi: University of Groningen, Faculty of Philosophy

Chapter 8 in One Hundred Prisoners and a Light Bulb, 2015, pp 79-82 from Springer

Abstract: Abstract A rich man gives you two indistinguishable envelopes, each of which contains a positive sum of money. One envelope contains twice as much money as the other envelope. You may choose one envelope and keep the money. You pick one envelope, open it, and it contains 100 dollars. Now the rich man offers you the option to take the other envelope instead. What should you do?

Keywords: Switch Envelope; Current Envelope; Subtle Errors; Nalebuff; Unequal Outcomes (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-16694-0_8

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DOI: 10.1007/978-3-319-16694-0_8

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