Dietrich, Franz and List, Christian (2005) The two-envelope paradox: an axiomatic approach. Mind, 114 (454). pp. 239-248. ISSN 0026-4423
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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.
| Item Type: | Article |
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| Official URL: | http://mind.oxfordjournals.org/ |
| Additional Information: | © 2005 Oxford University Press |
| Library of Congress subject classification: | B Philosophy. Psychology. Religion > B Philosophy (General) |
| Sets: | Departments > Government Departments > Philosophy, Logic and Scientific Method Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS) |
| Date Deposited: | 25 Jun 2008 11:41 |
| URL: | http://eprints.lse.ac.uk/6050/ |
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