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Article
Simply Avoid Being Enveloped by Paradox
Research Collection School of Social Sciences
  • John N. WILLIAMS, Singapore Management University
Publication Type
Working Paper
Publication Date
10-2005
Abstract

You are told that you may choose one of two envelopes, each containing a sum of money. Since you are a maximally rational risk-neutral economic agent you do so. But before you open it, you are told that one envelope contains twice the amount in the other and offered the chance to switch envelopes.

Discipline
Publisher
SMU Social Sciences and Humanities Working Paper Series, 5-2005
City or Country
Singapore
Copyright Owner and License
Author
Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation Information
John N. WILLIAMS. "Simply Avoid Being Enveloped by Paradox" (2005) p. 1 - 3
Available at: http://works.bepress.com/john_williams/69/