New York University POL-UA POL-UA 844 Envelope Problem 1 An Example There are two envelopes, each…
1 An Example
There are two envelopes, each containing an amount of money: either 5, 10, 20, 40, 80, or 160 dollars. We are told that one contains exactly twice as much as the other. Each of two individuals is randomly provided with an envelope (but it is still true that one contains twice as much as the other), and if both agree to do so they can switch. Should they ever switch?
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