bn:01886854n
Noun Concept
Categories: Named probability problems, Decision theory paradoxes, Probability theory paradoxes
EN
two envelopes problem  envelope paradox  exchange paradox  two-envelope paradox  Two-envelopes paradox
EN
The two envelopes problem, also known as the exchange paradox, is a paradox in probability theory. Wikipedia
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EN
The two envelopes problem, also known as the exchange paradox, is a paradox in probability theory. Wikipedia
Brain teaser, puzzle, or paradox in logic, probability, and recreational mathematics Wikidata
A puzzle of this kind: "You are given two indistinguishable envelopes, each containing money; one contains twice as much as the other. You may pick one envelope and keep the money it contains. Having chosen an envelope at will, but before inspecting it, you are given the chance to switch envelopes. Should you switch?" Because you stand to gain twice as much money if you switch while risking only a loss of half of what you currently have, it is possible to argue (fallaciously) that it is beneficial to switch. Wiktionary