The two-envelope paradox: an axiomatic approach

Dietrich, Franz and List, Christian ORCID: 0000-0003-1627-800X (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
Divisions:	Government Philosophy, Logic and Scientific Method CPNSS
Subjects:	B Philosophy. Psychology. Religion > B Philosophy (General)
Date Deposited:	25 Jun 2008 11:41
Last Modified:	11 Dec 2024 22:57
URI:	http://eprints.lse.ac.uk/id/eprint/6050

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