Re: I think I got it now
If that is the case, how does opening the envelope influence your decision? You will switch for any value of x, yes? If so, why do we need to open the envelope? But wait...
I understand how choosing to switch makes no difference from a common sense and Bayesian perspective, but I don't understand how that overrules EV calcs. One must be flawed somewhere since they're in direct contradiction with each other. I'm at the point where I'm starting to think that it makes no difference, but can't find a flaw anywhere in the math to point to and say, "That's why."
GoT
|