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The two-envelope paradox: an axiomatic approach

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
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
Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 25 Jun 2008 11:41
URL: http://eprints.lse.ac.uk/6050/

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