Re: ISI INTERVIEW PREP

Posted by deepak on Jul 03, 2012; 3:36pm
URL: http://discussion-forum.276.s1.nabble.com/ISI-INTERVIEW-PREP-tp7578819p7579005.html

Vasudha, you could reinterpret the 2 envelopes problem as not being twice as much, but the 2 envelopes having different sums of money. Therefore, one of them must have more money than the other, similar to our case, where one person would have more than the other. So it reduces to the same problem.

And if this were the case, they wouldn't swap right? The expected value in the case of either envelope is the same, and there is no point in swapping.

Though I'm not completely convinced by my own argument :P