Construct · 1 fields · 1 citations

two envelopes problem: a standalone construct

One name. One construct. A landmark on the map.

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two envelopesproblem1 CONSTRUCTTwo envelopes problemNALEBUFF · DECISION THEORY

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Decision theory

the puzzle in which naive expected value reasoning says one should always switch between two envelopes, one holding twice the other.

In decision theory, two envelopes problem refers to the puzzle in which naive expected value reasoning says one should always switch between two envelopes, one holding twice the other. This meaning comes from Nalebuff (1989) in Journal of Economic Perspectives.[1]

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Nearby constructs

expectation4 fields · 4 citationsjingle · one word, four constructsholding2 fields · 2 citationsjingle · one word, two constructsnaive3 fields · 6 citationsjingle · one word, three constructs

References

  1. Nalebuff, B. (1989). Puzzles: The Other Person's Envelope is Always Greener. Journal of Economic Perspectives, 3(1), 171-181. https://doi.org/10.1257/jep.3.1.171

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