A Concise Resolution to the Two Envelope Paradox

Details A Concise Resolution to the Two Envelope Paradox A Concise Resolution to the Two Envelope Paradox

2012-02-18

arxiv.org/abs/1202.4669v1

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In this paper, I will demonstrate a new perspective on the Two Envelope
Problem. I hope to show with convincing clarity how the paradox results from an
inherent problem pertaining to the interpretation of Bayesian probability.
Specifically, a subjective probability that is inconsistent with reality can
mislead reasoning based on Bayesian decision theory.

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