The Classical and Maximin Versions of the Two-Envelope Paradox

  • Bruce Langtry Department of Philosophy, University of Melbourne

Abstract

The Two-Envelope Paradox is classically presented as a problem in decision theory that turns on the use of probabilities in calculating expected utilities. I formulate a Maximin Version of the paradox, one that is decision-theoretic but omits considerations of probability. I investigate the source of the error in this new argument, and apply the insights thereby gained to the analysis of the classical version.

Author Biography

Bruce Langtry, Department of Philosophy, University of Melbourne
Published
2004-08-02
How to Cite
LANGTRY, Bruce. The Classical and Maximin Versions of the Two-Envelope Paradox. The Australasian Journal of Logic, [S.l.], v. 2, aug. 2004. ISSN 1448-5052. Available at: <https://ojs.victoria.ac.nz/ajl/article/view/1765>. Date accessed: 15 nov. 2019. doi: https://doi.org/10.26686/ajl.v2i0.1765.