Randomized switching in the two-envelope problem

DOI10.1098/RSPA.2009.0312zbMATH Open1186.91071OpenAlexW2111852084WikidataQ62555509 ScholiaQ62555509MaRDI QIDQ3561998FDOQ3561998

Authors Mark D. McDonnell, Derek Abbott

Publication date 19 May 2010

Published in Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences (Search for Journal in Brave)

Full work available at URL http://rspa.royalsocietypublishing.org/content/vol465/issue2111/

zbMATH Keywords

optimal switchingexchange paradoxtwo-envelope problemcover switchingParrondo's principletwo-state random mixing

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• Control systems with stochastic feedback
• Elusive Optimality in the Box Problem
• The Box Problem: To Switch or Not to Switch
• Unsolved problems of noise and fluctuations

Cited in

(9)

• Optimal two-stage pricing strategies from the seller's perspective under the uncertainty of buyer's decisions
• Biased information and the exchange paradox
• An optimal strategy for maximizing the expected real-estate selling price: accept or reject an offer?
• Imperfect information as a source of non-symmetry in the two envelope problem
• Gain from the two-envelope problem via information asymmetry: on the suboptimality of randomized switching
• scientific article; zbMATH DE number 1525330 (Why is no real title available?)
• Should we opt for the Black Friday discounted price or wait until the Boxing Day?
• The two-envelope problem for general distributions
• Anna Karenina and the two envelopes problem

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