Re: Paradox of the wallet
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Player A reasons that he has a 50% chance of winning this game and it is thus +EV for him to play. Player B reasons the same...how can this be?
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This is related to the paradox where there are two envelopes, one containing twice as much as the other. The bottom line is that we cannot assume that the probability of winning is independent of the amounts in our wallets.
alThor
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